Medley Management (MDLM) 10-K 31 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Mar. 27, 2015
Document Information [Line Items]
Entity Registrant Name	MEDLEY MANAGEMENT INC.
Entity Central Index Key	1611110
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Trading Symbol	mdly
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2014
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float		$0
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding			6,000,000
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding			100

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Sep. 28, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Assets
Cash and cash equivalents	$87,206		$5,395	$1,292	$1,334
Investment, at fair value	9,901		10,173
Investments, at fair value	734,870		453,396
Management fees receivable	15,173		8,921
Performance fees receivable	5,573		3,339
Other assets	9,230		5,308
Total assets	910,399		550,292
Liabilities and Equity
Loans payable	103,057		27,990
Accounts payable, accrued expenses and other liabilities	27,583		17,613
Secured borrowings	141,135		41,178
Performance fee compensation payable	11,807		16,225
Total liabilities	289,349		104,331
Equity
Capital deficit	-2,384
Retained earnings	272
Total stockholder's deficit, Medley Management Inc.	-2,052
Medley LLC members' capital prior to reorganization			-18,554
Total equity	621,050	475,608	445,961	406,936	265,315
Total liabilities and equity	910,399		550,292
Consolidated Funds [Member]
Assets
Cash and cash equivalents	38,111		60,355
Investments, at fair value	734,870		453,396
Interest and dividends receivable	6,654		2,969
Other assets	3,681		436
Liabilities and Equity
Accounts payable, accrued expenses and other liabilities	5,767		1,325
Secured borrowings	141,135		41,178
Equity
Non-controlling interests	625,548		464,475
Consolidated Subsidiaries [Member]
Equity
Non-controlling interests	1,526		40
Medley LLC [Member]
Assets
Other assets	9,230		5,308
Equity
Non-controlling interests	-3,972
Common Class A [Member]
Equity
Common Stock, Value, Issued	$60

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014
Common Class A [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$0.01
Common Stock, Shares Authorized	3,000,000,000
Common Stock, Shares, Issued	6,000,000
Common Stock, Shares, Outstanding	6,000,000
Common Class B [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$0.01
Common Stock, Shares Authorized	1,000,000
Common Stock, Shares, Issued	100
Common Stock, Shares, Outstanding	100

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended									9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 28, 2014	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012
Revenues
Management fees											$61,252		$36,446	$25,325
Performance fees											2,050		2,412	765
Other income and fees											8,871		5,011	2,152
Total revenues	18,187		20,765	17,225	15,996	7,828	9,300	11,429	15,312		72,173		43,869	28,242
Expenses
Compensation and benefits											20,322		13,712	11,477
Performance fee compensation											-1,543		7,192	5,148
Consolidated Funds expenses											1,670		1,225	1,653
General, administrative and other expenses											16,312		12,655	9,679
Total expenses	5,564		8,510	12,861	9,826	7,689	10,635	7,892	8,568		36,761		34,784	27,957
Other income (expense)
Dividend income											886		886	245
Interest expense											-5,520		-1,479	-831
Other income (expenses), net											-1,773		-483	-552
Interest and other income of Consolidated Funds											71,468		52,550	39,001
Net realized gain (loss) on investments of Consolidated Funds											789		-16,080	-1,600
Net change in unrealized (depreciation) appreciation on investments of Consolidated Funds											-20,557		-3,361	-10,103
Total other income, net	3,575		11,726	17,228	3,987	5,647	1,918	10,424	11,100		36,516		29,089	24,281
Income before income taxes	16,198		23,981	21,592	10,157	5,786	583	13,961	17,844		71,928		38,174	24,566
Provision for income taxes											2,528		1,639	1,087
Net income	15,844	17,690	23,058	20,845	9,653	5,461	232	13,499	17,343	51,710	69,400		36,535	23,479
Net Income (Loss) Attributable to Noncontrolling Interest														11,918
Net income attributable to Medley Management Inc.	1,317		378								1,695
Dividends declared per Class A common stock											$0.20
Net income per share attributable to stockholders of Class A common stock of Medley Management Inc:
Earnings Per Share, Basic (in dollars per share)	$0.19		$0.05								$0.24	[1]
Earnings Per Share, Diluted (in dollars per share)	$0.19		$0.05								$0.24	[1]
Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares)	6,000,000		6,000,000								6,000,000
Consolidated Funds [Member]
Expenses
Consolidated Funds expenses											1,670		1,225	1,653
Other income (expense)
Interest and other income of Consolidated Funds											71,468		52,550	39,001
Interest expense on secured borrowings of Consolidated Funds											9,951		2,638	2,666
Net realized gain (loss) on investments of Consolidated Funds											789		-16,080	-1,600
Net change in unrealized depreciation (appreciation) on secured borrowings											1,174		-306	787
Net Income (Loss) Attributable to Noncontrolling Interest	6,815		9,933	9,057	3,912	1,283	-1,635	6,183	7,067		29,717		12,898	11,561
Consolidated Subsidiaries [Member]
Other income (expense)
Net Income (Loss) Attributable to Noncontrolling Interest	-239		612	1,607	-47						1,933
Medley LLC [Member]
Other income (expense)
Net Income (Loss) Attributable to Noncontrolling Interest	$7,951		$12,135	$10,181	$5,788	$4,178	$1,867	$7,316	$10,276		$36,055		$23,637	$11,918
[1]	Based on net income attributable to Medley Management Inc. from September 29, 2014 through December 31, 2014.

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)	Members' Equity [Member]	Common Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member]	Common Class A [Member]	Common Class B [Member]	Total
In Thousands, except Share data	USD ($)	Common Class A [Member]	Common Class B [Member]	USD ($)	USD ($)	Consolidated Subsidiaries [Member]	Consolidated Funds [Member]	Medley LLC [Member]			USD ($)
		USD ($)				USD ($)	USD ($)	USD ($)
Balance at Dec. 31, 2011	$6,296						$259,019				$265,315
Contributions						40	201,433				201,473
Distributions	-18,671						-64,538				-83,209
Deconsolidation of consolidated fund							-122				-122
Net income	11,918						11,561				23,479
Balance at Dec. 31, 2012	-457					40	407,353				406,936
Contributions							167,382				167,382
Distributions	-41,734						-123,158				-164,892
Net income	23,637						12,898				36,535
Balance at Dec. 31, 2013	-18,554					40	464,475				445,961
Contributions						928	120,318				121,246
Distributions	-120,621						-22,688				-143,309
Net income	26,753					2,055	22,902				51,710
Effects of Reorganization and Offering	112,422							-112,422
Balance at Sep. 28, 2014						3,023	585,007	-112,422			475,608
Balance at Sep. 28, 2014	-112,422					3,023	585,007				475,608
Contributions							33,726				33,726
Distributions						-1,375		-795			-2,170
Net income					1,695	-122	6,815	9,302			17,690
Issuance of Class A shares in Initial Public Offering, net of underwriters discount		60		100,380							100,440
Issuance of shares in Initial Public Offering (in shares)		6,000,000
Issuance of Class B shares (in shares)			100
Dilution assumed with initial Publc Offering				-103,658				103,658
Stock-based compensation				894							894
Dividends declared on common stock					-1,423						-1,423
Initial Public Offering costs								-3,715			-3,715
Balance at Dec. 31, 2014		$60		($2,384)	$272	$1,526	$625,548	($3,972)			$621,050
Balance (in shares) at Dec. 31, 2014		6,000,000	100

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Equity (Parenthetical) (USD $)	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Dividends declared, amount per share	$0.20

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities
Net income	$69,400	$36,535	$23,479
Adjustments to reconcile net income to net cash used in operating activities:
Net change in unrealized appreciation on investments	272	-244	-600
Non-cash stock-based compensation	894
Depreciation and amortization	401	276	270
Amortization of deferred financing costs	752
Benefit from deferred taxes	-726	-96	-51
Accretion of debt discount	604	476	357
Net realized loss (gain) on investments	-789	16,080	1,600
Changes in operating assets and liabilities:
Management fees receivable	-6,252	-4,249	-2,461
Performance fees receivable	-2,234	-2,412	-765
Other assets	-1,671	-1,295	-789
Accounts payable, accrued expenses and other liabilities	8,693	5,023	7,199
Performance fee compensation liability	-4,418	5,367	4,423
Net cash (used in) provided by operating activities	-196,426	-42,428	-117,314
Cash flows from investing activities
Investment in subsidiary			-10,000
Purchases of property and equipment	-521	-918	-140
Net cash used in investing activities	-521	-918	-10,140
Cash flows from financing activities
Proceeds from issuance of debt obligations, net	123,900	21,000	10,000
Repayment of loans payable	-51,937		-3,000
Proceeds from Initial Public Offering, net of underwriting discount	100,440
Initial Public Offering costs	-3,715
Distributions to members	-119,363	-41,734	-14,171
Contribution from non-controlling interest in consolidated subsidiaries			40
Debt issuance costs	-2,546
Deconsolidation of consolidated fund			-47
Net cash provided by (used in) financing activities	278,758	47,449	127,412
Net increase in cash and cash equivalents	81,811	4,103	-42
Cash and cash equivalents, beginning of period	5,395	1,292	1,334
Cash and cash equivalents, end of period	87,206	5,395	1,292
Supplemental cash flow information
Interest Paid	3,900	1,078	401
Income Taxes Paid, Net	2,411	1,577	859
Supplemental disclosure of non-cash financing activities
Non-cash distribution to members	3,428		4,931
Non-cash distribution from Consolidated Funds			-431
Non-cash debt	2,500	1,000
Dividends declared but not paid	1,423
Transfer of membership interests to non-controlling interests in consolidated subsidiaries	928
Standalone [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Benefit from deferred taxes	-483	-139	-51
Consolidated Funds [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Net change in unrealized depreciation (appreciation) on investments	20,556	3,361	10,103
Benefit from deferred taxes	-243	-126	-29
Accretion of debt discount	-1,760	-1,438	-1,294
Interest income paid-in-kind	-5,264	-9,590	-6,606
Net realized loss (gain) on investments	-789	16,080	1,600
Net change in unrealized depreciation (appreciation) on secured borrowings	-1,174	306	-787
Changes in operating assets and liabilities:
Other assets	-6,784	293	-782
Accounts payable, accrued expenses and other liabilities	4,539	220	204
Cash and cash equivalents	22,244	13,778	-37,632
Cost of investments purchased	-448,258	-199,665	-170,353
Proceeds from sales and repayments of investments	154,549	95,015	57,200
Cash flows from financing activities
Contribution from non-controlling interest in consolidated subsidiaries	154,044	167,382	201,433
Distributions to non-controlling interest holders	-22,688	-123,158	-64,538
Proceeds from secured borrowings of Consolidated Funds	115,439	25,605
Repayments on secured borrowings of Consolidated Funds	-14,816	-1,646	-2,305
Cash and cash equivalents, beginning of period	60,355
Cash and cash equivalents, end of period	$38,111	$60,355

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2014
Organization and Basis of Presentation & Consolidating Schedules [Abstract]
Organization and Basis of Presentation		1	ORGANIZATION AND BASIS OF PRESENTATION
	Medley Management Inc. (the “Corporation”) is an asset management firm offering yield solutions to retail and institutional investors. The Corporation’s national direct origination franchise provides capital to the middle market in the U.S. The Corporation, through its consolidated subsidiary Medley LLC, provides investment management services to permanent capital vehicles, long dated private funds and separately managed accounts and serves as the general partner to the private funds, which are generally organized as pass-through entities. Medley LLC is headquartered in New York City and has an office in San Francisco.
	Initial Public Offering of Medley Management Inc.
	Medley Management Inc. was incorporated on June 13, 2014 and commenced operations on September 29, 2014 upon the completion of its initial public offering (“IPO”) of its Class A common stock. Medley Management Inc. raised $100.4 million, net of underwriting discount, through the issuance of 6,000,000 shares of Class A common stock at an offering price to the public of $18.00 per share. Medley Management Inc. used the offering proceeds to purchase 6,000,000 newly issued LLC Units (defined below) from Medley LLC. Prior to the IPO, Medley Management Inc. had not engaged in any business or other activities except in connection with its formation and IPO.
	In connection with the IPO, Medley Management Inc. issued 100 shares of Class B common stock to Medley Group LLC (“Medley Group”), an entity wholly owned by the pre-IPO members of Medley LLC. For as long as the pre-IPO members and then-current Medley personnel hold at least 10% of the aggregate number of shares of Class A common stock and LLC Units (defined below) (excluding those LLC Units held by Medley Management Inc.) then outstanding, the Class B common stock entitles Medley Group to a number of votes that is equal to 10 times the aggregate number of LLC Units held by all non-managing members of Medley LLC that do not themselves hold shares of Class B common stock and entitle each other holder of Class B common stock, without regard to the number of shares of Class B common stock held by such other holder, to a number of votes that is equal to 10 times the number of membership units held by such holder. The Class B shares do not participate in dividends and do not have any liquidation rights.
	Medley LLC Reorganization
	In connection with the IPO, Medley LLC amended and restated its limited liability agreement to modify its capital structure by reclassifying the 23,333,333 interests held by the pre-IPO members into a single new class of units (“LLC Units”). The pre-IPO members also entered into an exchange agreement under which they (or certain permitted transferees thereof) have the right, from and after the first anniversary of the date of the closing of the IPO, subject to the terms of an exchange agreement, to exchange their LLC Units for shares of Medley Management Inc.’s Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications. In addition, pursuant to the amended and restated limited liability agreement, Medley Management Inc. became the sole managing member of Medley LLC.
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of Medley Management Inc., Medley LLC and its consolidated subsidiaries together with certain funds (individually “Consolidated Funds”, collectively, “Medley” or the “Company”).
	The Consolidated Funds have been consolidated in the accompanying financial statements for the periods presented in accordance with U.S. GAAP. Including the results of the Consolidated Funds significantly increases the reported amounts of the assets, liabilities, revenues, expenses and cash flows of the Company; however, the Consolidated Funds’ results included herein have no direct effect on the net income attributable to members or on total equity. The economic ownership interests of the investors in the Consolidated Funds are reflected as ‘‘Non-controlling interests in Consolidated Funds’’ and as ‘‘Net income attributable to non-controlling interests in Consolidated Funds’’ in the accompanying consolidated financial statements.
	Prior to the reorganization and IPO on September 29, 2014, all compensation for services rendered by senior Medley LLC professionals were reflected as distributions from members’ capital rather than as compensation expense. Subsequent to the reorganization and IPO, all guaranteed payments made to these senior professionals are recognized as compensation expense.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies
	2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	In accordance with Accounting Standards Codification (‘‘ASC’’) 810, Consolidation, the Company consolidates those entities where it has a direct and indirect controlling financial interest based on either a variable interest model or voting interest model. As such, the Company consolidates entities that the Company concludes are variable interest entities (‘‘VIEs’’), for which the Company is deemed to be the primary beneficiary and entities in which it holds a majority voting interest or has majority ownership and control over the operational, financial and investing decisions of that entity.
	An entity in which the Company holds a variable interest is a VIE if any one of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the legal entity to finance its activities without additional subordinated financial support, (b) the holders of equity investment at risk (as a group) lack either the direct or indirect ability through voting rights or similar rights to make decisions about a legal entity’s activities that have a significant effect on the success of the legal entity or the obligation to absorb the expected losses or right to receive the expected residual returns or (c) the voting rights of some investors are disproportionate to their obligation to absorb the expected losses of the legal entity, their rights to receive the expected residual returns of the legal entity, or both, and substantially all of the legal entity’s activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Entities that do not qualify as VIEs are generally assessed for consolidation under the voting interest model.
	For those entities that qualify as a VIE, the Company performs an analysis to determine if it is the primary beneficiary. With respect to certain VIEs that qualify for accounting treatment under Accounting Standard Update (“ASU”) 2010-10, the Company determines that it is the primary beneficiary only if its involvement, through holding interests directly or indirectly in the VIE or contractually through other variable interests (e.g., carried interest and management fees), would be expected to absorb a majority of the VIE’s expected losses, receive a majority of the VIE’s expected residual returns, or both. In order to qualify for this accounting treatment, certain conditions have to be met, including if the entities have all the attributes of an investment company and are not securitization or asset-backed financing entities. For all other entities, the Company determines that it is the primary beneficiary if it holds a controlling financial interest defined as possessing both (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion continuously. In making its assessment the Company takes into consideration all fee and substantive arrangements, terms and transactions that may exist. The assessment of whether an entity is a VIE and the determination of whether the Company should consolidate such VIE requires judgments and is dependent on the particular facts and circumstances. Each entity is assessed for consolidation on a case by case basis.
	For those entities evaluated under the voting interest model, the Company consolidates those entities it controls through a majority voting interest or through other means whereby the Company is the general partner and is presumed to have control. The Company would not consolidate an entity in which the presumption of control by the general partner has been overcome through either the granting of substantive rights to the unaffiliated investors to either dissolve the entity or remove the general partner (‘‘kick-out-rights”) or the granting of substantive participating rights.
	Consolidated Variable Interest Entities
	Medley Management Inc. is the sole managing member of Medley LLC and, as such, it operates and controls all of the business and affairs of Medley LLC and, through Medley LLC, conducts its business. Under ASC 810, Medley LLC meets the definition of a variable interest entity because the equity of Medley LLC is not sufficient to permit activities without additional subordinated financial support. Since Medley Management Inc. has the obligation to absorb expected losses that could be significant to Medley LLC and holds 100% of the voting power, Medley Management Inc. is considered to be the primary beneficiary of Medley LLC.
	As a result, Medley Management Inc. consolidates the financial results of Medley LLC and its subsidiaries and records a non-controlling interest for the economic interest in Medley LLC held by the non-managing members. Medley Management Inc.’s and the non-managing members’ economic interest in Medley LLC is 20.5% and 79.5%, respectively, as of December 31, 2014. Net income attributable to the non-controlling interest in Medley LLC on the consolidated statements of operations represents the portion of earnings attributable to the economic interest in Medley LLC held by its non-managing members. Non-controlling interests in Medley LLC on the consolidated balance sheets represents the portion of net assets of Medley LLC attributable to the non-managing members based on total LLC Units of Medley LLC owned by such non-managing members.
	Medley LLC has one majority owned subsidiary, SIC Advisors LLC, that is a consolidated VIE. This entity was organized as a limited liability company and was legally formed to manage a designated fund and to isolate business risk. As of December 31, 2014 and 2013, total assets, after eliminating entries, of this VIE reflected in the consolidated balance sheets were $18.0 million and $11.9 million, respectively. Total liabilities, after eliminating entries, of this VIE were $19.6 million and $16.1 million as of December 31, 2014 and 2013, respectively. Except to the extent of the assets of this VIE that are consolidated, the holders of the consolidated VIE’s liabilities generally do not have recourse to the Company.
	Consolidated Funds
	With respect to the Consolidated Funds, which represent limited partnerships, Medley LLC earns a fixed management fee based on either (a) limited partners’ capital commitments to the funds, (b) invested capital, (c) net asset value (‘‘NAV’’), or (d) lower of cost or market value of a fund’s portfolio investments. In addition, Medley earns a performance fee based upon the investment returns in excess of a stated hurdle rate. The Company considered the accounting treatment under ASU 2010-10 as all the respective conditions have been met and determined that the funds were not VIEs. However, as the general partner, and due to the lack of substantive kick out or participating rights of the limited partners, these funds have been consolidated under the voting interest model in accordance with ASC 810-20, Control of Partnerships and Similar Entities.
	Effective January 1, 2015, the Company completed its role as investment manager of one of its Consolidated Funds and transitioned the management of the residual assets of the fund to another asset manager. As a result of this transition, the Company deconsolidated the fund on January 1, 2015 (Note 17).
	In December 2014, the Company formed the Medley Opportunity Fund III (MOF III) which is structured as a limited partnership.  One of the Company’s wholly owned subsidiaries is the general partner and investment manager of MOF III. The Company considered the accounting treatment under ASU 2010-10 as all the respective conditions have been met and determined that MOF III was not a VIE. However, as the general partner, and due to the lack of substantive kick out or participating rights of the limited partners, this fund has been consolidated under the voting interest model in accordance with ASC 810-20, Control of Partnerships and Similar Entities.
	Non-Consolidated Variable Interest Entities
	Beginning in November 2006, Medley held a variable interest in an investment fund which was formed under the laws of the Cayman Islands and organized to make investments in a diversified portfolio of corporate and asset-based investments. The equity holders (as a group) lack the direct and indirect ability through voting rights or similar rights to make decisions about this legal entity’s activities that have a significant effect on the success of the legal entity. As such, this entity is considered to be a VIE. Medley had a variable interest in the fund through an investment management agreement pursuant to which Medley managed the investment activities of the fund, received an annual base management fee and was entitled to receive an incentive fee, subject to the underlying financial performance of the investment fund. The Company did not consolidate this entity as Medley was not deemed to be its primary beneficiary. Medley determined that it was not the primary beneficiary as it did not absorb a majority of the entity’s expected losses, receive a majority of the entity’s expected residual returns or have majority control of the entity. Medley considered the accounting treatment under ASU 2010-10 as all the respective conditions were met. Effective October 31, 2014, the investment management agreement was terminated and Medley transferred its responsibilities to a new investment manager and, as such, no longer held a variable interest in this entity.
	Since inception through December 31, 2012, the annual base management fee was equal to 2.0% of the fund’s net assets. Effective January 1, 2013 and 2014 the annual base management fee was reduced to 1.25% and 0.75%, respectively, of the fund’s net assets. For the years ended December 31, 2014, 2013 and 2012, the Company received management fees of $1.1 million, $3.7 million and $7.7 million, respectively. As of December 31, 2014 and 2013, there were no assets recognized in the Company’s consolidated balance sheets related to this non-consolidated VIE and Medley had no exposure to losses from the entity.
	Deconsolidation of a Fund
	Commencing in 2012, the Company initially owned 100% of the outstanding shares of Sierra Income Corporation (“SIC”) and had consolidated SIC in its consolidated financial statements. Following SIC’s raising of additional third-party capital, the Company no longer had a controlling interest in SIC and it deconsolidated the entity at December 31, 2012 in accordance with ASC 810-10, Consolidation – Overall.
	Seed Investments
	Medley accounts for seed investments through the application of the voting interest model under ASC 810-10-25-1 through 25-14 and would consolidate a seed investment when the investment advisor holds a controlling interest, in general, 50% or more of the equity in such investment. For seed investments for which Medley does not hold a controlling interest, Medley would account for such seed investment under the equity method of accounting, at its ownership percentage of such seed investment’s net asset value. Medley’s investment in Sierra Income Corporation (“SIC”) amounted to $9.9 million and $10.2 million as of December 31, 2014 and 2013, respectively, and is included as a component of investments, at fair value, on the Company’s consolidated balance sheets.
	Basis of Accounting
	Management has determined that the Company’s Consolidated Funds are investment companies under U.S. GAAP for the purposes of financial reporting. U.S. GAAP requires that investments held by an investment company be recorded at fair value and any unrealized appreciation (depreciation) in an investment’s fair value be recognized on a current basis in the consolidated statements of operations. Additionally, the Consolidated Funds do not consolidate their majority-owned and controlled investments in portfolio companies. In the preparation of these consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under U.S. GAAP. As such, all of the investments held by the Consolidated Funds are presented at their estimated fair values in the Company’s consolidated balance sheets. Interest income of the Consolidated Funds is included in interest and other income of Consolidated Funds in the Company’s consolidated statements of operations.
	Concentrations of Credit and Market Risk
	In the normal course of business, the Company encounters significant credit and market risk. Credit risk is the risk of default on investments in debt securities, loans and derivatives that result from a borrower’s or derivative counterparty’s inability or unwillingness to make required or expected payments. Credit risk is increased in situations where the Company is investing in distressed assets or unsecured or subordinate loans or in securities that are a material part of its respective business. Market risk reflects changes in the value of investments due to changes in interest rates, credit spreads or other market factors.
	The Company may make investments outside of the United States. These non-U.S. investments are subject to the same risks associated with U.S. investments as well as additional risks, such as fluctuations in foreign currency exchange rates, unexpected changes in regulatory requirements, heightened risk of political and economic instability, difficulties in managing the investments, potentially adverse tax consequences, and the burden of complying with a wide variety of foreign laws.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Management’s estimates are based on historical experience and other factors, including expectations of future events that management believes to be reasonable under the circumstances. These assumptions and estimates also require management to exercise judgment in the process of applying the Company’s accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on performance fees involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. Actual results could differ from these estimates and such differences could be material.
	Indemnification
	In the normal course of business, the Company enters into contractual agreements that provide general indemnifications against losses, costs, claims and liabilities arising from the performance of individual obligations under such agreements. The Company has not experienced any prior claims or payments pursuant to such agreements. The Company’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on management’s experience, the Company expects the risk of loss to be remote.
	Non-Controlling Interests in Consolidated Entities
	Non-controlling interests in Consolidated Funds and consolidated subsidiaries represent the component of equity in such consolidated entities held by third party investors. These interests are adjusted for general partner allocations and, for funds, by subscriptions and redemptions that occur during the reporting period.
	Cash and Cash Equivalents
	Cash and cash equivalents for the Company include liquid investments in money market funds and demand deposits. The Company had cash balances with financial institutions in excess of Federal Deposit Insurance Corporation insured limits during 2014 and 2013. The Company monitors the credit standing of these financial institutions and has not experienced, and has no expectations of experiencing any losses with respect to such balances.
	Class A Earnings per Share
	The Company computes and presents earnings per share using the two-class method.  Under the two-class method, the Company allocates earnings between common stock and participating securities. The two-class method includes an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared and undistributed earnings for the period. For purposes of calculating earnings per share, the Company reduces its reported net earnings by the amount allocated to participating securities to arrive at the earnings allocated to Class A common stockholders.   Earnings is then divided by the weighted average number of Class A common stock outstanding to arrive at basic earnings per share. Diluted earnings per share reflects the potential dilution beyond shares for basic earnings per share that could occur if securities or other contracts to issue common stock were exercised, converted into common stock, or resulted in the issuance of common stock that would have shared in our earnings. Participating securities consist of the Company’s unvested restricted stock units that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in its basic and diluted calculations.
	Investments
	Investments include an equity method investment that is not consolidated but in which the Company exerts significant influence, and investments held by the Consolidated Funds. Medley measures the fair value of its equity method investment that does not have a readily determinable fair value at net asset value or market value. Unrealized appreciation (depreciation) resulting from changes in fair value of the equity method investee is reflected as a component of other income (expense) in the consolidated statements of operations.
	The Consolidated Funds reflect their investments at fair value with unrealized appreciation (depreciation) resulting from changes in fair value reflected as a component of net change in unrealized depreciation on investments of Consolidated Funds in the consolidated statements of operations. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (i.e., the exit price).
	Fair Value Measurements
	The Consolidated Funds apply fair value accounting to all of its financial instruments in accordance with ASC 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC 820, the Consolidated Funds have categorized their financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy as discussed in Note 4. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity specific measure. Therefore, when market assumptions are not readily available, the Consolidated Funds’ own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date.
	Investments for which market quotations are readily available are valued at such market quotations, which are generally obtained from an independent pricing service or multiple broker-dealers or market makers. The Company weights the use of third-party broker quotes, if any, in determining fair value based on the Company’s understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer. However, debt investments with remaining maturities within 60 days that are not credit impaired are valued at cost plus accreted discount, or minus amortized premium, which approximates fair value. Investments for which market quotations are not readily available are valued at fair value as determined by the Company based upon inputs by third-party valuation firms. Because these investments are illiquid and because there may not be any directly comparable companies whose financial instruments have observable market values, these loans are valued using a fundamental valuation methodology, consistent with traditional asset pricing standards, that is objective and consistently applied across all loans and through time.
	The Consolidated Funds use third-party valuation firms to assist in the valuation of its portfolio investments. The valuation reports generated by the third-party valuation firms consider the evaluation of financing and sale transactions with third parties, expected cash flows and market-based information, including comparable transactions, performance multiples, and movement in yields of debt instruments, among other factors. Based on market data obtained from the third-party valuation firms, the Consolidated Funds use a market yield analysis under the income approach or an enterprise model of valuation under the market approach, or a combination thereof. In applying the market yield analysis, the value of the Consolidated Funds’ loans is determined based upon inputs such as the coupon rate, current market yield, interest rate spreads of similar securities, the stated value of the loan, and the length to maturity. In applying the enterprise model, the Consolidated Funds use a waterfall analysis that takes into account the specific capital structure of the borrower and the related seniority of the instruments within the borrower’s capital structure. To estimate the enterprise value of the portfolio company, some or all of the traditional market valuation methods and factors are weighed based on the individual circumstances of the portfolio company in order to estimate the enterprise value.
	The methodologies and information that the Company utilizes when applying the Market Approach for performing investments includes, among other things:
		·	valuations of comparable public companies (Guideline Comparable approach),
		·	recent sales of private and public comparable companies (Guideline Comparable approach),
		·	recent acquisition prices of the company, debt securities or equity securities (Acquisition Price Approach),
		·	external valuations of the portfolio company, offers from third parties to buy the company (Estimated Sales Proceeds approach),
		·	subsequent sales made by the company of its investments (Expected Sales Proceeds approach); and
		·	estimating the value to potential buyers.
	The methodologies and information that the Company utilizes when applying the Income Approach for performing investments includes:
		·	discounting the forecasted cash flows of the portfolio company or securities (Discounted Cash Flow “DCF” approach); and
		·	Black-Scholes model or simulation models or a combination thereof (Income Approach – Option Model) with respect to the valuation of warrants.
	For non-performing investments, the Company may estimate the liquidation or collateral value of the portfolio company’s assets and liabilities using an expected recovery model (Income Approach – Expected Recovery Analysis or Estimated Liquidation Proceeds).
	A multi-step valuation process is undertaken each quarter when valuing portfolio investments for which market quotations are not readily available, as described below:
		·	The quarterly valuation process begins with each portfolio investment being initially valued by the Company’s internal valuation team;
		·	An independent valuation firm engaged by the Consolidated Funds prepares an independent valuation report for approximately one third of the portfolio investments each quarter on a rotating quarterly basis on non-fiscal year-end quarters, such that each of these investments will be valued by independent valuation firms at least twice per annum when combined with the fiscal year-end review of all the investments by independent valuation firms; and
		·	Preliminary valuation conclusions are then documented and discussed with senior management.
	Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Consolidated Funds’ investments may differ significantly from the values that would have been used had a readily available market value existed for such investments, and the differences could be material.
	Property and Equipment
	Property and equipment consist primarily of furniture, fixtures, computer equipment, and leasehold improvements and are recorded at cost, less accumulated depreciation and amortization.
	The Company calculates depreciation expense for furniture, fixtures, and computer equipment using the straight-line method over the estimated useful life used for the respective assets, which generally ranges from three to seven years. Amortization of leasehold improvements is provided on a straight-line basis over the shorter of the remaining term of the underlying lease or estimated useful life of the improvement. Useful lives of leasehold improvements range from three to eight years.
	Deferred Financing Costs
Deferred financing costs represent direct costs incurred in conjunction with the establishment of credit facilities and debt refinancing. Deferred financing costs, and the related amortization expense, are adjusted when any prepayments of principal are made to the related outstanding debt. These costs are amortized as an adjustment to interest expense over the term of the related debt.
Revenues
Management Fees
Medley provides investment management services to both public and private investment vehicles. Management fees include both base management fees, other management fees, and Part I incentive fees, as described below.
Base management fees are calculated based on either (a) the average or ending gross assets balance for the relevant period, (b) limited partners’ capital commitments to the funds, (c) invested capital, (d) the net asset value or (e) lower of cost or market value of a fund’s portfolio investments. For the private funds, Medley receives base management fees during a specified period of time, which is generally ten years from the initial closing date. However, such termination date may be earlier in certain limited circumstances or later if extended for successive one-year periods, typically up to a maximum of two years. Depending upon the contracted terms of the investment management agreement, management fees are paid either quarterly in advance or quarterly in arrears, and are recognized as earned over the period the services are provided.
Certain management agreements provide for Medley to receive other management fee revenue derived from up front origination fees paid by the portfolio companies of the Consolidated Funds, as well as, separately managed accounts. These fees are recognized when Medley becomes entitled to such fees.
Certain management agreements also provide for Medley to receive Part I incentive fee revenue derived from net interest income (excluding gains and losses) above a hurdle rate. These fees are not subject to repayment, clawbacks or netting against realized losses. Part I incentive fees are paid quarterly and are recognized as earned over the period the services are provided.
Performance Fees
Performance fees consist principally of the allocation of profits from certain funds, including separately managed accounts, to which Medley provides management services. Medley is generally entitled to an allocation of income as a performance fee after returning the invested capital plus a specified preferred return as set forth in each respective agreement. Medley recognizes revenues attributable to performance fees based upon the amount that would be due pursuant to the respective agreement at each period end as if the funds were terminated at that date. Accordingly, the amount recognized reflects Medley’s share of the gains and losses of the associated funds’ underlying investments measured at their current fair values. Performance fee revenue may include reversals of previously recognized performance fees due to a decrease in the net income of a particular fund that results in a decrease of cumulative performance fees earned to date. Since fund return hurdles are cumulative, previously recognized performance fees also may be reversed in a period of appreciation that is lower than the particular fund’s hurdle rate. For the year ended December 31, 2014, the Company reversed $4.4 million and $2.3 million of previously recognized performance fees on a standalone and consolidated basis, respectively. The Company did not reverse any previously recognized performance fees for the years ended December 31, 2013 and 2012. Cumulative performance fees recognized through December 31, 2014 were $20.4 million and $5.6 million on a standalone and consolidated basis, respectively.
Performance fees received in prior periods may be required to be returned by Medley in future periods if the funds’ investment performance declines below certain levels. Each fund is considered separately in this regard and, for a given fund, performance fees can never be negative over the life of a fund. If upon a hypothetical liquidation of a fund’s investments at their then current fair values previously recognized and distributed performance fees would be required to be returned, a liability is established for the potential clawback obligation. As of December 31, 2014, the Company had not received any performance fee distributions, except for tax distributions related to the Company’s allocation of net income, which included an allocation of performance fees. Pursuant to the organizational documents of each respective fund, tax distributions are not subject to clawback. As such, no amounts have been accrued for clawback obligations in the accompanying consolidated financial statements.
Other Revenues and Fees
Medley provides administrative services to certain affiliated funds and is reimbursed for direct and allocated expenses incurred in providing such administrative services, as set forth in the respective agreement. These fees are recognized as revenue in the period administrative services are rendered.
Included in other revenues and fees are reimbursements received by Medley from SIC under its investment advisory agreement. Expenses incurred by Medley under this agreement are recorded within general, administrative, and other expenses in the consolidated statements of operations. For additional information on these reimbursements, refer to Note 10.
Performance Fee Compensation
Medley has issued profit interests in certain subsidiaries to selected employees. These profit-sharing arrangements are accounted for under ASC 710, Compensation — General, which requires compensation expense to be measured at fair value at the grant date and expensed over the vesting period, which is usually the period over which the service is provided. The fair value of the profit interests are re-measured at each balance sheet date and adjusted for changes in estimates of cash flows and vesting percentages. The impact of such changes is recorded in the consolidated statements of operations as an increase or decrease to performance fee compensation.
Stock-based Compensation
The Company accounts for stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation. Under the fair value recognition provision of this guidance, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the requisite service period.
Stock-based compensation expense recognized for the year ended December 31, 2014 is based on awards ultimately expected to vest and have been reduced for estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The effect of such change in estimated forfeitures is recognized through a cumulative catch-up adjustment that is included in the period of the change in estimate.
The value of the portion of the award that is ultimately expected to vest on a straight-line basis over the requisite service period is included within compensation and benefits on the Company’s consolidated statements of operations.
Income Taxes
The Company accounts for income taxes using the asset and liability approach, which requires the recognition of tax benefits or expenses for temporary differences between the financial reporting and tax basis of assets and liabilities. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized. The Company also recognizes a tax benefit from uncertain tax positions only if it is “more likely than not” that the position is sustainable based on its technical merits. The Company’s policy is to recognize interest and penalties on uncertain tax positions and other tax matters as a component of income tax expense.
Prior to the Company’s reorganization and IPO, no provision was made for U.S. federal income taxes in the accompanying consolidated financial statements since the Company was a group of pass-through entities for U.S. income tax purposes and its profits and losses are allocated to the partners who are individually responsible for reporting such amounts. A provision for income taxes was made for certain entities that were subject to New York City unincorporated business tax.
Following the IPO, Medley LLC and its subsidiaries continue to operate as pass-through entities for U.S. income tax purposes. Accordingly, these entities in some cases continue to be subject to New York City unincorporated business taxes. Medley Management Inc. is subject to U.S. corporate federal, state and local income taxes which are reflected in the Company’s consolidated financial statements.
The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company determines that uncertainties in tax positions exist, a liability is established.
Leases
Certain lease agreements contain escalating payments and rent holiday periods. The related rent expense is recorded on a straight-line basis over the length of the lease term. The difference between rent expense and rent paid is recorded as deferred rent. Leasehold improvements made by the lessee and funded by landlord allowances or other incentives are also recorded as deferred rent and are amortized as a reduction in rent expense over the term of the lease. Deferred rent is included as a component of accounts payable, accrued expenses and other liabilities on the consolidated balance sheets.
Secured Borrowings of Consolidated Funds
The Consolidated Funds follow the guidance in ASC 860, Transfers and Servicing when accounting for loan participations and other partial loan sales. Such guidance provides accounting and reporting standards for transfers and servicing of financial assets and requires a participation or other partial loan sale to meet the definition of a “participating interest,” as defined in the guidance, in order for sale treatment to be allowed. Participations or other partial loan sales which do not meet the definition of a participating interest remain on the Company’s Consolidated Balance Sheets and the proceeds are recorded as a secured borrowing until the definition is met. Secured borrowings are carried at fair value to correspond with the related investments, which are carried at fair value.
For these participations or partial loan sales which do not meet the definition of a participating interest, the interest income earned on the entire loan balance is recorded within interest and other income of Consolidated Funds and the interest income earned by the buyer in the partial loan sale is recorded as interest expense of Consolidated Funds expenses in the accompanying consolidated statements of operations. Changes in the fair value of secured borrowings of Consolidated Funds are included in net change in unrealized depreciation (appreciation) on secured borrowings in the consolidated statement of operations.
Revisions to Previously Issued Financial Statements
The Company accounts for certain loan participations as secured borrowings that in previously issued financial statements had been accounted for as true sales, as defined in ASC 860, Transfers and Servicing.  These loan participation agreements did not contain any prohibited constraints on exchange or transfer and the assets were legally isolated from the transferor. Upon further analysis the Company determined that a provision in the asset management agreement between the transferee and a consolidated affiliate of the transferor had a standard provision which restricted transfer of the assets for a period of time. As a result of this constraint, the Company determined that in accordance with ASC 860-10-40-5 the transactions should be reported as secured borrowings. The Company has determined that the impact on its previously issued financial statements was not material.  As a result, prior periods were revised as follows: (i) both assets and liabilities of Consolidated Funds increased by $41.3 million as of December 31, 2013, (ii) interest and other income of Consolidated Funds increased by $2.6 million and $2.7 million for the years ended December 31, 2013 and 2012, respectively, with direct offsetting amounts to interest expense of Consolidated Funds, (iii) the recording of unrealized appreciation (depreciation) on investments of Consolidated Funds of $(0.3) and $0.8 million for the years ended December 31, 2013 and 2012, respectively, with direct offsetting amounts to unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds, and (iv) a change in net cash used in operating activities of $24.0 million and $(2.3) million for the years ended December 31, 2013 and 2012,  respectively, with offsetting changes in cash provided by financing activities.   These changes had no impact on consolidated and standalone equity or net income.
Recent Accounting Pronouncements
In June 2013, the Financial Accounting Standards Board (“FASB”) issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. This guidance clarifies the characteristics of an investment company and provides guidance for assessing whether an entity is an investment company. Consistent with existing guidance for investment companies, all investments are to be measured at fair value including non-controlling ownership interests in other investment companies. There are no changes to the current requirements relating to the retention of specialized accounting in the consolidated financial statements of a non-investment company parent. The guidance is effective for interim and annual periods beginning after December 15, 2013 and early application was prohibited. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The amendments are effective for interim and annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact, if any, that this ASU will have on its consolidated financial statements.
In February 2015, the FASB issued ASU 2015-02, Consolidation – Principal versus Agent Analysis. This guidance requires an entity to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (a) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (b) eliminate the presumption that a general partner should consolidate a limited partnership; (c) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; (d) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This guidance is effective for interim and annual periods beginning after December 15, 2015 and early application is permitted. The Company is currently evaluating the impact, if any, that this ASU will have on its consolidated financial statements.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2014
Investments [Abstract]
Investments
	3.INVESTMENTS
	The composition of investments is as follows:
			As of December 31,
			2014			2013
		(Amounts in thousands)
	Equity method investment, at fair value		$	9,901		$	10,173
	Investments of Consolidated Funds, at fair value			734,870			453,396
	Total Investments		$	744,771		$	463,569
	Equity Method Investments, at Fair Value
	The Company made an investment in SIC, a non-diversified closed-end management investment company that commenced operations in April 2012. At such time, the Company owned 100% of the outstanding shares of SIC, and accordingly, consolidated the entity. In December 2012, outside investors purchased additional shares in SIC, which diluted the Company’s ownership in the voting interest entity to 48.2%. As a result, the Company no longer had a controlling interest in SIC and it deconsolidated the entity in accordance with ASC 810-10, Consolidation – Overall, and recognized no gain or loss on its investment.
	Medley measures its equity method investment in SIC at net asset value or at market value. Total unrealized appreciation (depreciation) recorded for the Company’s equity method investment is included in other income (expense) and amounted to $(0.3) million,  $0.2 million and $0.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.
	Investments in Consolidated Funds
	The following table presents a summary of the investments held by the Consolidated Funds and as a percentage of total investments of Consolidated Funds.
		Investments of Consolidated Funds
		Fair Value						Percentage
		December 31,						December 31,
			2014			2013		2014		2013
		(Amounts in thousands)
	Geographic Region/Investment Type/Industry Description:
	North America:
	Senior secured loans and notes:
	Automobile	$	39,577		$	-		5.4	%	0.0	%
	Banking		28,325			28,903		3.8	%	6.4	%
	Business Services		25,898			14,370		3.5	%	3.2	%
	Chemicals, Plastics and Rubber		21,196			-		2.9	%	0.0	%
	Consumer Goods		34,791			19,160		4.7	%	4.3	%
	Container and Packaging		25,657			7,000		3.5	%	1.6	%
	Financial Services		85,157			24,708		11.6	%	5.5	%
	Healthcare, Wellness and Education		44,991			18,575		6.1	%	4.1	%
	Insurance		8,116			6,456		1.1	%	1.4	%
	Manufacturing		53,477			1,853		7.3	%	0.4	%
	Media and Entertainment Services		20,404			33,815		2.8	%	7.5	%
	Medical Transcription Services		36,930			14,235		5	%	3.2	%
	Oil and Gas/Energy		32,736			35,915		4.5	%	8.0	%
	Personal and Nondurable Consumer Products		39,488			52,040		5.4	%	11.6	%
	Personal Services		20,886			18,666		2.8	%	4.1	%
	Real Estate		119,601			50,157		16.3	%	11.1	%
	Retail and Commercial Kitchen Appliances		24,886			25,000		3.4	%	5.6	%
	Structured Finance Securities		-			49,326		0.0	%	11.0	%
	Vehicle Service Contracts		-			17,110		0.0	%	3.7	%
	Other		539			799		0.1	%	0.2	%
	Total Senior Secured Loans and Notes, North America (cost of $711,398 and $435,661, respectively)	$	662,655		$	418,088		90.2	%	92.9	%
	South America:
	Senior secured loans and notes:
	Energy	$	424		$	2,922		0.1	%	0.7	%
	Financial Services		1,029			2,314		0.1	%	0.5	%
	Total Senior Secured Loans and Notes, South America (cost of $13,049 and $12,810, respectively)	$	1,453		$	5,236		0.2	%	1.2	%
	Asia:
	Real Estate (cost of $1,373)	$	1,377		$	1,376		0.2	%	0.2	%
		Investments of Consolidated Funds
		Fair Value						Percentage
		December 31,						December 31,
			2014			2013		2014		2013
		(Amounts in thousands)
	Geographic Region/Investment Type/Industry Description:
	North America:
	Equity interests in limited liability companies:
	Banking	$	5,623		$	3,646		0.8	%	0.8	%
	Healthcare Education		63			-		0.0	%	0.0	%
	Oil and Gas		2,596			565		0.4	%	0.1	%
	Packaging/Manufacturing		320			2,896		0.0	%	0.7	%
	Real Estate		40,012			10,549		5.4	%	1.6	%
	Telecommunications		170			968		0.0	%	0.2	%
Total Equity Interest in Limited Liability Companies (cost of $40,944 and $16,912, respectively)	$	48,784		$	18,624		6.6	%	3.4	%
Common Stock (cost of $8,913 and $8,913, respectively)	$	964		$	2,073		0.1	%	0.5	%
Preferred Stock (cost of $10,187 and $10,567, respectively)	$	545		$	362		0.1	%	0.1	%
Warrants:
Container and Packaging		105			-		0.0	%	0.0	%
Healthcare and Wellness		4,700			1,115		0.7	%	0.3	%
Medical Transcription Services		437			15		0.1	%	0.0	%
Oil and Gas		1,793			-		0.2	%	0.0	%
Real Estate		113			540		0.0	%	0.1	%
Retail and Commercial Kitchen Appliances		893			1,318		0.1	%	0.3	%
Structured Finance Securities		10,363			2,639		1.4	%	0.6	%
Vehicle Service Contracts		-			588		0.0	%	0.1	%
Total Warrants (cost of $3,428 and $1,366, respectively)		18,404			6,215		2.5	%	1.4	%
Total Equity Securities (cost of $22,528 and $20,846, respectively)	$	19,913		$	8,650		2.7	%	2.0	%
Collectibles (cost of $1,385)	$	688		$	1,422		0.1	%	0.3	%
Total Investments of Consolidated Funds (cost of $790,677 and $488,987, respectively)	$	734,870		$	453,396		100.0	%	100.0	%

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Fair Value Measurements	4.FAIR VALUE MEASUREMENTS
	The Company follows ASC 820 for measuring the fair value of portfolio investments. Fair value is the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the instruments or market and the instruments’ complexity. The Company’s fair value analysis includes an analysis of the value of any unfunded loan commitments. Financial investments recorded at fair value in the consolidated financial statements are categorized for disclosure purposes based upon the level of judgment associated with the inputs used to measure their value. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the investment as of the measurement date. The three levels are defined as follows:
		·		Level I - Valuations based on quoted prices in active markets for identical assets or liabilities at the measurement date.
		·		Level II - Valuations based on inputs other than quoted prices in active markets included in Level I, which are either directly or indirectly observable at the measurement date. This category includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets including actionable bids from third parties for privately held assets or liabilities, and observable inputs other than quoted prices such as yield curves and forward currency rates that are entered directly into valuation models to determine the value of derivatives or other assets or liabilities.
		·		Level III - Valuations based on inputs that are unobservable and where there is little, if any, market activity at the measurement date. The inputs for the determination of fair value may require significant management judgment or estimation and is based upon management’s assessment of the assumptions that market participants would use in pricing the assets or liabilities. These investments include debt and equity investments in private companies or assets valued using the market or income approach and may involve pricing models whose inputs require significant judgment or estimation because of the absence of any meaningful current market data for identical or similar investments. The inputs in these valuations may include, but are not limited to, capitalization and discount rates, beta and EBITDA multiples. The information may also include pricing information or broker quotes which include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by disclaimer would result in classification as Level III information, assuming no additional corroborating evidence.
	Fair Value Measurement on a Recurring Basis
	In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given financial instrument is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument.
	In addition to using the above inputs in investment valuations, the Company continues to employ a valuation policy that is consistent with ASC 820 (Note 2). Consistent with the Company’s valuation policy, management evaluates the source of inputs, including any markets in which the investments are trading, in determining fair value.
	Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may differ significantly from the values that would have been used had a readily available market value existed for such investments, and the differences could be material.
	The Company’s equity method investment is valued based on its proportionate share of the net assets of the underlying fund. The terms of the investments generally preclude the ability to redeem the investment. Distributions from this investment will be received as the underlying assets in the funds are liquidated, the timing of which cannot be readily determined.
	The following tables present the fair value measurements of investments, by major class according to the fair value hierarchy:
			As of December 31, 2014
			Level I		Level II		Level III			Total
			(Amounts in thousands)
	Assets
	Senior secured loans and notes		$	-	$	-	$	664,108		$	664,108
	Equity interests in LLCs			-		-		48,784			48,784
	Equity securities			62		29		19,822			19,913
	Investments in tangible assets			-		-		2,065			2,065
	Equity method investment			-		-		9,901			9,901
	Total assets		$	62	$	29	$	744,680		$	744,771
	Secured borrowings of Consolidated Funds		$	16	$	-	$	141,119		$	141,135
			As of December 31, 2013
			Level I		Level II		Level III			Total
			(Amounts in thousands)
	Assets
	Senior secured loans and notes		$	-	$	-	$	423,324		$	423,324
	Equity interests in LLCs			-		-		18,624			18,624
	Equity securities			140		95		8,415			8,650
	Investments in tangible assets			-		-		2,798			2,798
	Equity method investment			-		-		10,173			10,173
	Total assets		$	140	$	95	$	463,334		$	463,569
	Secured borrowings of Consolidated Funds		$	35	$	-	$	41,143		$	41,178
	A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities. Reclassifications impacting Level III of the fair value hierarchy are reported as transfers in or out of the Level III category as of the beginning of the quarter in which the reclassifications occur. There were no transfers between any levels in the fair value hierarchy during the years ended December 31, 2014 and 2013.
	The following tables provide a reconciliation of the beginning and ending balances for the Consolidated Funds’ Level III investments and the Company’s investment in its equity method investee:
			As of December 31, 2014
			Financial Assets																Liabilities
			Investments of Consolidated Funds
			Senior Secured Loans and Notes		Equity Interests in LLCs		Equity Securities			Investment in Tangible Assets			Equity Method Investment			Total			Secured borrowings of Consolidated Funds
			(Amounts in thousands)
	Balance, beginning of year		$	423,324	$	18,624	$	8,415		$	2,798		$	10,173		$	463,334		$	41,143
	Amortization			1,949		-		-			-			-			1,949			-
	Paid in-kind interest income			5,531		53		-			-			-			5,584			-
	Purchases			423,954		24,753		2,499			-			-			451,206			-
	Sales and settlements			-155,129		-		-2,369			-			-			-157,498			-
	Realized and unrealized appreciation (depreciation), net			-35,521		5,354		11,277			-733			-272			-19,895			-
	Unrealized depreciation on secured borrowings of Consolidated Funds, net			-		-		-			-			-			-			-1,155
	Proceeds from secured borrowings, net			-		-		-			-			-			-			101,131
	Balance, end of year		$	664,108	$	48,784	$	19,822		$	2,065		$	9,901		$	744,680		$	141,119
	Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date		$	-36,330	$	5,354	$	11,297		$	-734		$	-272		$	-20,685		$	-1,155
			As of December 31, 2013
			Financial Assets																				Liabilities
			Investments of Consolidated Funds
			Senior Secured Loans and Notes		Equity Interests in LLCs		Equity Securities			Investment in Tangible Assets					Equity Method Investment						Total			Secured borrowings of Consolidated Funds
			(Amounts in thousands)
	Balance, beginning of year		$	324,353	$	14,790	$	11,973		$	5,160				$		9,929				$	366,205		$	16,374
	Amortization			1,644		-		-			-						-					1,644			-
	Paid in-kind interest income			9,500		-		-			-						-					9,500			-
	Purchases			196,813		2,727		391			-						-					199,931			-
	Sales and settlements			-91,184		-105		-2,926			-800						-					-95,015			-
	Realized and unrealized appreciation (depreciation), net			-17,802		1,212		-1,023			-1,562						244					-18,931			-
	Unrealized appreciation on secured borrowings of Consolidated Funds, net			-		-		-			-						-					-			310
	Proceeds from secured borrowings, net			-		-		-			-						-					-			24,459
	Balance, end of year		$	423,324	$	18,624	$	8,415		$	2,798				$		10,173				$	463,334		$	41,143
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date		$	-16,061	$	2,739	$	-972		$	-2,361				$		244				$	-16,411		$	310
Total realized and unrealized appreciation (depreciation) recorded for the Consolidated Funds’ Level III investments is included in net realized gain (loss) on investments of Consolidated Funds and net change in unrealized depreciation on investments of Consolidated Funds in the consolidated statements of operations, respectively.
The following tables summarize the quantitative inputs and assumptions used for the Consolidated Funds’ Level III inputs and the Company’s investment in its equity method investee as of December 31, 2014 and 2013:
							Range
Assets					Fair Value as of December 31, 2014		Valuation Technique(s)		Unobservable input		Minimum			Maximum
		(Amounts in thousands)
Senior Secured Loans and Notes		$	193		Negotiated Sales Proceeds	Expected Sales Proceeds		$	-			$	4,000,000			$	1,932,000
			4,009		Sales Comparison Approach	Price per Acre		$	8,000			$	41,000			$	24,500
						Price per room		$	43,200			$	71,429			$	57,315
						Price per unit		$	155,734			$	228,009			$	191,872
			403		Market Approach (Guideline Comparable)	LTM Revenue Multiple			0.60x				0.60x				0.45x
			346		Market Approach (Guideline Comparable)	LTM EBITDA Multiple			3.10x				3.62x				3.60x
			1,167		Market Approach (Guideline Comparable)	LTM EBITDA multiple			3.10x				5.50x				4.30x
						LTM Revenue multiple			0.50x				0.65x				0.58x
			1,989		Income Approach (DCF)	Discount rate			12.0%				35.0%				20.5%
			144		Liquidation Approach	Asset Coverage		$	144,531			$	144,531			$	144,531
			566,010		Income approach	Market yield			10.00%				15.21%				12.45%
			37,600		Recent Arms-length transaction	Recent Arms-length transaction			N/A				N/A				N/A
			21,005		Income approach	Discount Rate			14.00%				18.00%				16.45%
			15,859		Market Approach (Guideline Comparable)	EBITDA Multiple			5.50x				6.00x				5.75x
			5,095		Enterprise Valuation Analysis	EBITDA Multiple			6.00x				7.00x				7.00x
			8,910		Market Approach (Guideline Comparable)	Rev Multiple / EBITDA Multiple			0.43x / 4.09x				0.43x / 4.09x				0.43x / 4.09x
			1,378		Enterprise Valuation Analysis	EBITDA Multiple/Estimated Liquidation Proceeds			2.00x / $205.8M				2.00x / $205.8M				2.00x / $205.8M
Equity Interests in LLCs			1,370		Market Approach	Unsolicited Offer Price		$	12,000,000			$	12,000,000			$	12,000,000
			5,623		Market Approach (Guideline Comparable)	Investment Portfolio Multiple			1.10x				1.10x				1.10x
			3,099		Market Approach (Guideline Comparable)	EBITDA Multiple			6.25x				8.50x				6.70x
			2,595		Market Approach (Guideline Comparable)	EBITDA Multiple / Volatility			3.75x / 50%				3.75x / 50%				3.75x / 50%
			581		Income Approach (DCF)	Market Yield			13.14%				13.14%				13.14%
			14,516		Income Approach (DCF)	Discount Rate			14.00%				18.00%				18.00%
			15,000		Income Approach (DCF)	Capitalization rate			8.70%				8.70%				8.70%
			6,000		Recent Arms-length transaction	Recent Arms-length transaction			N/A				N/A				N/A
Equity Securities			7,936		Market Approach (Guideline Comparable)	EBITDA Multiple			4.00x				8.31x				5.20x
			10,364		Option Model	Tangible Book Value Multiple / Volatility			1.30x / 41.5%				1.30x / 41.5%				1.30x / 41.5%
			105		Option Model	Volatility			90.80%				90.80%				90.80%
			194		Market Approach (Guideline Comparable)	LTM EBITDARD multiple			10.40x				11.10x				10.75x
						NTM EBITDARD multiple			9.50x				10.80x				10.15x
			261		Market Approach (Guideline Comparable)	Revenue Multiple			0.30x				0.60x				0.45x
			417		Income Approach (DCF)	Discount rate			13.0%				18.0%				16.4%
			545		Market Approach (Guideline Comparable)	LTM EBITDA multiple			5.00x				5.50x				5.25x
						LTM Revenue multiple			0.50x				0.65x				0.58x
Tangible Assets			688		Market Approach	Appraisal of assets		$	500,000			$	2,200,000			$	1,350,000
			1,377		Sales Comparison Approach	Price per SQM			1,146				1,274				1,210
Equity Method Investment			9,901		Net Asset Value of Underlying Fund	N/A			N/A				N/A				N/A
		$	744,680
							Range
Liability		Fair Value as of December 31, 2014			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
		(Amounts in thousands)
Secured borrowings of Consolidated Funds		$	130,157		Income approach	Market yield			10.00%				15.21%				12.45%
			5,947		Market Approach (Guideline Comparable)	EBITDA Multiple			5.50x				6.00x				5.75x
			5,000		Income Approach (DCF)	Capitalization rate			8.70%				8.70%				8.70%
			15		Market Approach (Guideline Comparable)	EBITDA Multiple			4.00x				8.31x				5.20x
		$	141,119
							Range
Assets		Fair Value as of December 31, 2013			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
		(Amounts in thousands)
Senior Secured Loans		$	386		Sales Comparison Approach	Price per ton		$	0.25			$	1.00			$	0.63
			1,487		Market Approach	Price per acre		$	8,750			$	42,396			$	25,573
			2,169		Market Approach	Price per room		$	32,038			$	71,429			$	51,734
						Price per unit		$	152,507			$	417,016			$	284,762
						Discount-lack of
						marketability			25.0%				35.0%				30.0%
			7,362		Income Approach (DCF)	Discount rate			12.0%				17.4%				14.7%
			390,770		Income Approach (DCF)	Market yield			9.0%				20.2%				13.7%
			14,780		Market Approach (Guideline Comparable)	EBITDA multiple			6.0x				6.0x				6.0x
			1,871		Enterprise valuation analysis	Liquidation proceeds		$	205.8M			$	205.8M			$	205.8M
			34		Income Approach (DCF)	Market yield			14.2%				14.2%				14.2%
			335		Current Value	LTM Revenue multiple			1.50x				1.75x				1.63x
			412		Guideline Comparable	Forward EBITDA multiple			3.75x				3.75x				3.75x
			1,109		Guideline Comparable	LTM EBITDA multiple			5.25x				5.25x				5.25x
					Guideline Comparable	LTM Revenue multiple			0.6x				0.6x				0.6x
			1,000		Cost Approach	Expected proceeds		$	10,000,000			$	10,000,000			$	10,000,000
			1,609		Liquidation Approach	Asset coverage		$	16,095,312			$	16,095,312			$	16,095,312
Equity Interests in LLCs			2,313		Income Approach (DCF)	Discount rate			16.5%				16.5%				16.5%
					Income Approach (DCF)	Long term growth rate			1.5%				1.5%				1.5%
			3,646		Market Approach (Guideline Comparable)	Investment portfolio multiple			1.0x				1.0x				1.0x
			11,697		Cost approach	N/A			N/A				N/A				N/A
			968		Expected Precedent Transaction	N/A			N/A				N/A				N/A
Equity Securities			411		Income Approach (DCF)	Discount rate			12.0%				50.0%				15.9%
			154		Market Approach (Guideline Comparable)	LTM EBITDA multiple			11.5x				11.5x				11.5x
						LTM Revenue multiple			1.5x				1.5x				1.5x
			964		Market Approach (Current Value)	Revenue multiple			1.6x				1.6x				1.6x
					Market Approach (Current Value)	Price per ton		$	148			$	148			$	148
			720		Income Approach (DCF)	Discount rate			30.0%				30.0%				30.0%
			362		Guideline Comparable	LTM revenue multiple			5.3x				5.3x				5.3x
			3,150		Market Approach (Guideline Comparable)	EBITDA multiple			3.5x				7.5x				6.1x
			2,639		Option Model	Volatility			47.9%				47.9%				47.9%
			15		Cost Approach	N/A			N/A				N/A				N/A
Tangible Assets			1,421		Market Approach	Appraisal of assets		$	100,000			$	3,700,000			$	1,900,000
			1,377		Sales Comparison Approach	Price per square meter			6,716				6,716				6,716
Equity method investment			10,173		Net Asset Value of Underlying Fund	N/A			N/A				N/A				N/A
			463,334
a
							Range
Liability		Fair Value as of December 31, 2013			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
		(Amounts in thousands)
Secured borrowings of Consolidated Funds		$	41,135		Income Approach (DCF)	Market yield			9.0%				20.2%				13.7%
			8		Income Approach (DCF)	Market yield			14.2%				14.2%				14.2%
		$	41,143
The significant unobservable inputs used in the fair value measurement of the Consolidated Funds’ investments in senior secured loans include discount due to lack of marketability, discount rate, market yield, earnings before interest, tax, depreciation and amortization (“EBITDA”) and revenue multiples, expected proceeds, and asset coverage. Significant increases or decreases in discount rates, market yields, EBITDA multiples in isolation would result in a significantly higher or lower fair value measurement.
The significant unobservable inputs used in the fair value measurement of the Consolidated Funds’ investments in equity interests in LLCs include discount rates, long term growth rates, and portfolio multiples. Significant increases or decreases in discount rates, growth rates and portfolio multiples would result in lower or higher fair value measurements.
The significant unobservable inputs used in the fair value measurement of the Consolidated Funds’ investments in equity securities include revenue, EBITDA and revenue multiples, price per ton, expected proceeds, discount rates, and stock price valuation. Significant increases or decreases in these factors would result in a significantly higher or lower fair value measurement.
The significant unobservable inputs used in the fair value measurement of the Consolidated Funds’ investments in tangible assets include price per ton, price per acre, price per room, price per unit appraisals and price per square foot. Significant increases or decreases in these factors would result in a significantly higher or lower fair value measurement.

OTHER_ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2014
Other Asset [Abstract]
Other Assets
	5. Other Assets
	The components of other assets are as follows:
			As of December 31,
			2014		2013
	Other Assets of Medley LLC:	(Amounts in thousands)
	Property and equipment, net of accumulated depreciation of $1,232 and $1,351, respectively		$	1,367	$	1,247
	Security deposits			1,218		1,218
	Administrative fees receivable (Note 10)			1,500		1,640
	Deferred tax assets			874		634
	Deferred financing costs, net of accumulated amortization of $217 and $0, respectively			2,329		337
	Due from affiliates (Note 10)			382		224
	Prepaid expenses			627		-
	Other receivables			933		8
	Total other assets of Medley LLC			9,230		5,308
	Other Assets of Consolidated Funds
	Restricted cash			3,000		-
	Deferred tax assets			340		-
	Other receivables			341		436
	Total other assets of Consolidated Funds			3,681		436
	Total other assets		$	12,911	$	5,744
	For the years ended December 31, 2014, 2013 and 2012, depreciation and amortization expense was $0.4 million, $0.3 million and $0.3 million, respectively.
	Restricted cash of Consolidated Funds consists of $3.0 million held as collateral against an irrevocable standby letter of credit required by a third-party lender to one of the fund’s investments.

LOANS_PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2014
Loans Payable [Abstract]
Loans Payable
	6.LOANS PAYABLE
	The Company’s loans payable consist of the following:
			As of December 31,
			2014		2013
		(Amounts in thousands)
	Credit Suisse Term Loan Facility:
	Term loans, net of unamortized discount of $1,006		$	93,994	$	-
	CNB credit agreement:
	Term loan			-		15,000
	Revolving credit facility			-		3,000
	Co-invest term loan			-		2,000
	Non-recourse promissory notes, net of unamortized discount of $2,500 and $3,010, respectively			9,063		7,990
	Total Loans payable		$	103,057	$	27,990
	Credit Suisse Term Loan Facility
	On August 14, 2014, the Company entered into a $110.0 million senior secured term loan credit facility (“Term Loan Facility”) with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent thereunder, Credit Suisse Securities (USA) LLC, as bookrunner and lead arranger, and the lenders from time to time party thereto, which will mature on June 15, 2019. The proceeds from the term loans amounting to $108.9 million after a $1.1 million issuer discount, together with cash on hand, were used to: (a) pay off the existing loan under the CNB Credit Agreement in the amount of $33.2 million, (b) pay fees and expenses incurred in connection with this financing in the amount of $2.6 million, of which $2.4 million have been deferred, and (c) pay a distribution to Medley LLC’s members in the amount of $74.5 million. In connection with this financing, the Company terminated its pre-existing credit agreement with City National Bank.
	Borrowings under the Term Loan Facility bear interest, at the borrower’s option, at a rate equal to either a Eurodollar margin over an adjusted LIBOR (with a “floor” of 1.0%) or a base rate margin over an adjusted base rate determined by reference to the highest of (a) the term loan administrative agent’s prime rate; (b) the federal funds effective rate in effect on such day plus 0.5%; and (c) an adjusted LIBOR plus 1.0%. The applicable margins for the Term Loan Facility are 5.5%, in the case of Eurodollar loans and 4.5%, in the case of adjusted base rate loans. Outstanding borrowings under the Term Loan Facility bore interest at a rate of 6.5% as of December 31, 2014. In addition, the Term Loan Facility also provides the borrower with the option to raise incremental credit facilities (including an uncommitted incremental facility that provides the borrower the option to increase the amount available under the Term Loan Credit Facility by an aggregate of up to $15.0 million, subject to additional increases, provided that the net leverage ratio as of the last day of any four-fiscal quarter period, commencing with the four-fiscal quarter period ending December 31, 2014, shall not exceed 2.0 to 1.0). Borrowings are collateralized by substantially all of the equity interests in Medley LLC and its wholly owned subsidiaries.
	The Term Loan Facility requires principal repayments in quarterly installments equal to $1.4 million (which amount may be adjusted as a result of prepayment or incremental term loans drawn) commencing on March 31, 2015, with the remaining amount payable at maturity. The Company can also make voluntary repayments, without penalty, at any time prior to August 14, 2016, not to exceed $33.0 million in the aggregate. As of December 31, 2014, outstanding borrowings under this facility was $94.0 million, which is reflected net of unamortized discount of $1.0 million. The discount under the term loans is being accreted, using the effective interest method, over the term of the notes. Total interest expense under this Term Loan Facility, including accretion of the note discount, was $2.6 million for the year ended December 31, 2014. The fair value of the outstanding balance of Term Loan Facility approximated its par value as of December 31, 2014
	In October 2014, the Company voluntarily prepaid $15.0 million of the outstanding term loans under this facility using a portion of the proceeds received from its initial public offering. The $15.0 million prepayment is being applied against the upcoming quarterly installments that are due commencing on March 31, 2015.
	The Term Loan Facility also contains a financial covenant that requires the Company to maintain a Maximum Net Leverage Ratio commencing with the quarter ending on December 31, 2014 of not greater than 3.5 to 1.0, with which the Company is compliant. This ratio is calculated on a trailing twelve months basis and is the ratio of Total Net Debt, as defined, to Core EBITDA, as defined, and is calculated using the Company’s standalone financial results and includes the adjustments made to calculate Core EBITDA (Note 14). Non-compliance with any of the financial or non-financial covenants without cure or waiver would constitute an event of default under the Term Loan Facility. The Term Loan Facility also contains other customary events of default, including defaults based on events of bankruptcy and insolvency, dissolution, nonpayment of principal, interest or fees when due, breach of specified covenants, change in control and material inaccuracy of representations and warranties. There were no events of default under the Term Loan Facility as of December 31, 2014.
	CNB Credit Agreement
	In December 2013, the Company entered into a credit agreement (the “Credit Agreement”) with City National Bank (“CNB”), under which it borrowed $15.0 million in a term loan, $2.0 million in a co-invest term loan and $3.0 million under a revolving credit facility. In March 2014, the Company amended the Credit Agreement to increase the term loan to $30.0 million. The proceeds from these loans were primarily used to purchase membership interests from former Medley members.
	In connection with the execution of the Term Loan Facility amounts outstanding under the Credit Agreement were paid in full and the agreement was terminated.
	On August 14, 2014, the Company entered into a new $15.0 million senior secured revolving credit facility with City National Bank (the ‘‘Revolving Credit Facility’’). The Company intends to use any proceeds of borrowings under the Revolving Credit Facility for general corporate purposes, including funding of its working capital needs. Borrowings under the Revolving Credit Facility bear interest at the option of the Company, either (a) at an Alternate Base Rate, as defined, plus an applicable margin not to exceed 3.25% or (b) at an Adjusted LIBOR plus an applicable margin not to exceed 4.0%. As of and during the period ended December 31, 2014, there were no amounts drawn under the Revolving Credit Facility.
	Non-Recourse Promissory Notes
	In April 2012, the Company borrowed $10.0 million under two non-recourse promissory notes. Proceeds from the borrowings were used to purchase 1,108,033 shares of common stock of SIC, which were pledged as collateral for the obligations. Interest on the notes is paid quarterly and is equal to the dividends received by the Company related to the pledged shares. The Company may prepay the notes in whole or in part at any time without penalty and the lenders may call the notes if certain conditions are met. The notes are scheduled to mature in March 2019. The proceeds from the notes were recorded net of issuance costs of $3.8 million and are being accreted, using the effective interest method, over the term of the non-recourse promissory notes. Total interest expense under these non-recourse promissory notes, including accretion of the note discount, was $1.4 million for each of the years ended December 31, 2014 and 2013 and $0.8 million for the year ended December 31, 2012. The fair value of the outstanding balance of the notes was $10.3 million and $10.2 million as of December 31, 2014 and 2013, respectively.
	In December 2013, the Company issued an unsecured promissory note in the amount of $1.0 million to a former Medley member in connection with the purchase of his membership interests. Interest on the note accrued at an annual rate of 0.25% and the note plus accrued interest was paid in full as of December 31, 2014.
	In March 2014, the Company issued a promissory note in the amount of $2.5 million to a former Medley member in connection with the purchase of his membership interests. The promissory note carries no interest, has quarterly amortization payments of $312,500, and matures in March 2016. As of December 31, 2014, the balance under this note was $1.6 million.
	Contractual Maturities of Loans Payable
	As of December 31, 2014, future principal payments due under the loans payable are as follows (in thousands):
	2015		$	1,250
	2016			312
	2017			2,875
	2018			5,500
	2019			96,626
			$	106,563

ACCOUNTS_PAYABLE_ACCRUED_EXPEN

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES	12 Months Ended
	Dec. 31, 2014
Accounts Payable, Accrued Expenses and Other Liabilities [Abstract]
Accounts Payable, Accrued Expenses and Other Liabilities
	7.ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES
	The components of accounts payable, accrued expenses and other liabilities are as follows:
		December 31,
		2014		2013
		(Amounts in thousands)
	Accounts payable, accrued expenses and other liabilities of Medley LLC:
	Accrued compensation and benefits	$	8,575	$	5,650
	Due to affiliates (Note 10)		6,998		3,676
	Revenue share payable (Note 9)		6,669		5,286
	Dividends payable		1,423		-
	Income taxes payable		741		-
	Professional fees		545		647
	Deferred rent		474		794
	Deferred tax liabilities		245		391
	Accounts payable and accrued expenses		1,913		1,169
	Total accounts payable, accrued expenses and other liabilities of Medley LLC		27,583		17,613
	Accounts payable, accrued expenses and other liabilities of Consolidated Funds		5,767		1,325
	Total accounts payable, accrued expenses and other liabilities	$	33,350	$	18,938
	Dividends payable is comprised of $1.2 million due to the Company’s Class A common stockholders and $0.2 million payable to the Company’s restricted stock unit holders.  Dividends payable to Class A common holders represents a $0.20 per Class A common stock dividend that was declared on November 10, 2014 to shareholders of record as of the close of business on December 17, 2014 but not paid until January 2015.  As the restricted stock units are participating securities, the Company calculated the amount due to the holders of the restricted stock units based on the $0.20 per Class A common stock dividend declaration amount and the number of restricted stock units expected to vest.

SECURED_BORROWINGS

SECURED BORROWINGS	12 Months Ended
	Dec. 31, 2014
Secured Borrowings [Abstract]
Secured Borrowings	8.SECURED BORROWINGS
	The Consolidated Funds have loan participations which do not meet the definition of a “participating interest”, as defined in ASC 860, Transfers and Servicing. As such, these loan participations remain on the Company’s Consolidated Balance Sheets and are recorded at fair value, as secured borrowings of Consolidated Funds.
	As of December 31, 2014, secured borrowings of Consolidated Funds at cost and fair value totaled $143.0 million and $141.1 million, respectively. The fair value of the investments that are associated with these secured borrowings was $141.1 million. During the year ended December 31, 2014, the Consolidated Funds received net proceeds from secured borrowings of $100.6 million.
	As of December 31, 2013, secured borrowings of Consolidated Funds at cost and fair value totaled $41.5 million and $41.2 million, respectively. The fair value of the investments that are associated with these secured borrowings was $41.2 million. During the year ended December 31, 2013, the Consolidated Funds received net proceeds from secured borrowings of $24.0 million.
	For the years ended December 31, 2014, 2013 and 2012, the Company recorded interest expense related to the secured borrowings of the Consolidated Funds of $10.0 million, $2.6 million and $2.7 million, respectively.
	Future minimum repayments under the secured borrowings of the Consolidated Funds are $0 for the years ending December 31, 2015 and 2016,  $19.1 million, $31.0 million and $92.0 million for the years ended December 31, 2017, 2018 and 2019, respectively, and $0.9 million thereafter.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies
	9.COMMITMENTS AND CONTINGENCIES
	Operating Leases
	Medley leases office space in New York City and San Francisco under non-cancelable lease agreements that expire at various times through December 2020. Rent expense was $2.6 million, $2.2 million and $2.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.
	Future minimum rental payments under non-cancelable leases are as follows (in thousands):
	2015	$	2,454
	2016		784
	2017		452
	2018		457
	2019		463
	Thereafter		469
	Total future minimum lease payments	$	5,079
	Capital Commitments to Funds
	As of December 31, 2014 and 2013, the Company had aggregate unfunded commitments of $1.1 million and $1.5 million, respectively, to certain long dated private funds.
	Other Commitments
	In April 2012, the Company entered into an obligation to pay a fixed percentage of management and incentive fees received by the Company from SIC. The agreement was entered into contemporaneously with the $10 million non-recourse promissory notes that were issued to the same parties (Note 6). The two transactions were deemed to be related freestanding contracts and the $10 million of loan proceeds were allocated to the contracts using their relative fair values. At inception, the Company recognized an obligation of $4.4 million representing the present value of the future cash flows expected to be paid under this agreement. At December 31, 2014 and 2013, the obligation amounted to $6.7 million and $5.3 million, respectively and is recorded as a component of accounts payable, accrued expenses and other liabilities on the consolidated balance sheets as revenue share payable. The change in the estimated cash flows for this obligation is recorded in other income (expense) on the consolidated statements of operations.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions
	10.RELATED PARTY TRANSACTIONS
	Substantially all of Medley’s revenue is earned through agreements with its consolidated and non-consolidated funds for which it collects management and performance fees for providing investment and management services.
	In April 2012, Medley entered into an investment advisory agreement (“IAA”) with SIC. Pursuant to the terms of the IAA, Medley agreed to bear all organization and offering expenses (“O&O Expenses”) related to SIC until the earlier of the end of the SIC offering period or such time that SIC has raised $300 million in gross proceeds in connection with the sale of shares of its common stock. Effective June 2, 2014, Medley was no longer liable for these expenses as SIC had reached the $300 million in gross proceeds threshold. The SIC IAA also requires SIC to reimburse Medley for O&O Expenses incurred by Medley in an amount equal to 1.25% of the aggregate gross proceeds in connection with the sale of shares of its common stock until the earlier of the end of the SIC offering period, which is currently scheduled to terminate in April 2016, or Medley has been repaid in full. As of December 31, 2014, there were no reimbursements that were due to Medley.
	During the year ended December 31, 2014, 2013 and 2012, Medley incurred O&O Expenses of $1.5 million, $1.4 million and $1.9 million, respectively, which were recorded within general, administrative, and other expenses in the consolidated statements of operations. Reimbursements of O&O are recorded in other revenues and fees on the consolidated statements of operations and were $3.8 million, $1.8 million and $0.3 million during the years ended December 31, 2014, 2013 and 2012, respectively.
	In June 2012, Medley entered into an Expense Support and Reimbursement Agreement (“ESA”) with SIC. Under the ESA, until June 30, 2015, unless extended, Medley will pay up to 100% of SIC’s operating expenses in order for SIC to achieve a reasonable level of expenses relative to its investment income. Pursuant to the ESA, SIC has a conditional obligation to reimburse Medley for any amounts they funded under the ESA if, within three years of the date on which Medley funded such amounts, SIC meets certain financial levels. For the years ended December 31, 2014, 2013 and 2012, Medley recorded $5.0 million, $3.9 million and $1.5 million, respectively, for ESA expenses under this agreement. The ESA expenses are recorded within general, administrative, and other expense in the consolidated statements of operations. Medley recorded a liability of $5.2 million and $3.4 million as of December 31, 2014 and 2013, respectively, for ESA expenses related to this agreement. These amounts are included in accounts payable, accrued expenses and other liabilities as due to affiliates on the consolidated balance sheets.
	In January 2011, Medley entered into an administration agreement with MCC (the “MCC Admin Agreement”), whereby Medley agreed to provide administrative services necessary for the operations of MCC. MCC agreed to pay Medley for the costs and expenses incurred in providing such administrative services, including an allocable portion of Medley’s overhead expenses and an allocable portion of the cost of MCC’s officers and their respective staffs. Medley records these administrative fees as revenue in the period when the services are provided and are included in other revenues and fees on the consolidated statement of operations. During the years ended December 31, 2014, 2013 and 2012, the Company recorded $3.7 million,  $2.6 million and $1.8 million, respectively, of revenue related to the MCC Admin Agreement. As of December 31, 2014 and 2013, the Company had $1.1 million and $0.7 million, respectively, of administrative fees receivable under the MCC Admin Agreement, which are included in other assets on the consolidated balance sheets.
	In April 2012, Medley entered into an administration agreement with SIC (the “SIC Admin Agreement”), whereby Medley agreed to provide administrative services necessary for the operations of SIC. SIC agreed to pay Medley for the costs and expenses incurred in providing such administrative services including an allocable portion of Medley’s overhead expenses and an allocable portion of the cost of SIC’s officers and their respective staffs. Medley records these administrative fees as revenue in the period when the services are provided and are included in other revenues and fees on the consolidated statement of operations. For the years ended December 31, 2014, 2013 and 2012, the Company recorded $1.3 million, $0.6 million and $0.4 million, respectively, of revenue related to the SIC Admin Agreement. As of December 31, 2014 and 2013, the Company had $0.4 million and $1.0 million, respectively, of fees receivable under the SIC Admin Agreement, which are included in other assets on the consolidated balance sheets.
	Promissory Notes
	In December 2013, the Company issued an unsecured promissory note in the amount of $1.0 million to a former Medley member in connection with the purchase of his membership interests. Interest on the note accrued at an annual rate of 0.25% and the note plus accrued interest was paid in full at December 31, 2014.
	In March 2014, the Company issued a promissory note in the amount of $2.5 million to a former Medley member in connection with the purchase of his membership interests. The promissory note carries no interest, has quarterly amortization payments of $312,500, and matures in March 2016.
	Exchange Agreement
	Prior to the completion of the IPO, the Medley LLC Agreement was restated among other things, to modify its capital structure by reclassifying the interests held by its existing owners (i.e. the members of Medley prior to the IPO) into the LLC Units. Medley’s existing owners also entered into an exchange agreement under which they (or certain permitted transferees thereof) have the right, from and after the first anniversary of the date of the closing of the IPO (subject to the terms of the exchange agreement as described therein), to exchange their LLC Units for shares of Medley Management Inc.’s Class A Common Stock on a one-for-one basis at fair value, subject to customary conversion rate adjustments for stock splits, stock dividends and reclassifications.
	Tax Receivable Agreement
	Medley Management Inc. entered into a tax receivable agreement with the holders of LLC Units that provides for the payment by Medley Management Inc. to exchanging holders of LLC Units of 85% of the benefits, if any, that Medley Management Inc. is deemed to realize as a result of increases in tax basis of tangible and intangible assets of Medley LLC from the future exchange of LLC Units for shares of Class A common stock, as well as certain other tax benefits related to entering into the tax receivable agreement, including tax benefits attributable to payments under the tax receivable agreement.
	The term of the tax receivable agreement will continue until all such tax benefits under the agreement have been utilized or expired, unless Medley Management Inc. exercises its right to terminate the tax receivable agreement for an amount based on an agreed value of payments remaining to be made under the agreement. As of December 31, 2014, there were no transactions under this agreement.

EARNINGS_PER_CLASS_A_SHARE

EARNINGS PER CLASS A SHARE	12 Months Ended
	Dec. 31, 2014
Earnings Per Class A Share [Abstract]
Earnings Per Class A Share
	11.EARNINGS PER CLASS A SHARE
	The table below presents basic and diluted net income per Class A share using the two-class method for the year ended December 31, 2014:
		Year ended
		31-Dec-14
	Basic and diluted net income per share:	(Amounts in thousands, except per share amounts)
	Numerator
	Net income attributable to Medley Management Inc.	$	1,695
	Less: Dividends declared on Class A common stock (1)		-1,200
	Less: Dividends payable to participating securities (2)		-222
	Less: Undistributed net income available to participating securities (2)		-45
	Undistributed net income available to class A common stockholders	$	228
	Denominator
	Weighted average shares of Class A shares outstanding, including participating securities		7,177,432
	Less: weighted average of participating securities (2)		-1,177,432
	Weighted average Class A common stock outstanding: Basic		6,000,000
	Weighted average shares of Class A shares outstanding: Diluted		6,000,000
	Add: dilutive effects of conversion of LLC Units (3)		-
	Weighted average dilutive shares outstanding		6,000,000
	Net income per Class A share: Basic and Diluted
	Distributable earnings	$	0.20
	Undistributed income		0.04
	Net income per Class A share	$	0.24
	(1)The Company declared a $0.20 dividend on Class A common stock on November 10, 2014.
	(2)Participating securities relate to the Company’s grant of restricted stock units in connection with its IPO.
	(3)Excludes the assumed conversion of 23,333,333 LLC units to Class A shares as the impact would be antidilutive

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
Income Taxes [Abstract]
Income Taxes
	12.INCOME TAXES
	The provision for (benefit from) income taxes for the years ended December 31, 2014, 2013 and 2012 consists of the following:
		Year ended December 31,
		2014		2013		2012
		(Amounts in thousands)
	Current
	Federal	$	486	$	-	$	-
	State and local		2,768		1,735		1,138
	Total current provision		3,254		1,735		1,138
	Deferred
	Federal		2		-		-
	State and local		-728		-96		-51
	Total deferred provision		-726		-96		-51
	Provision for income taxes	$	2,528	$	1,639	$	1,087
	Deferred income taxes reflect the net effect of temporary differences between the tax basis of an asset or liability and its reported amount in the Company’s consolidated balance sheets. These temporary differences result in taxable or deductible amounts in future years. The significant components of deferred tax assets and liabilities included on the Company’s consolidated balance sheets are as follows:
		As of December 31,
		2014		2013
		(Amounts in thousands)
	Deferred tax assets
	Tax goodwill	$	648	$	-
	Unrealized losses		343		97
	Stock-based compensation		27		-
	Performance fee compensation		17		201
	Deferred rent		13		19
	Other liabilities		166		317
	Total deferred tax assets	$	1,214	$	634
	Deferred tax liabilities
	Accrued fee income	$	151	$	363
	Other		94		28
	Total deferred tax liabilities		245		391
	Net deferred tax assets	$	969	$	243
	The Company’s effective tax rate includes a rate benefit attributable to the fact that the Company’s subsidiaries operate as limited liability companies which are not subject to federal or state income tax. Accordingly, a portion of the Company’s earnings attributable to the non-controlling interest are not subject to corporate level taxes. For the year ended December 31, 2014, the Company was only subject to federal taxes on pre-tax income attributable to Medley Management Inc. during the fourth quarter of 2014 and for a two-day period in the third quarter of the year.
	A reconciliation of the federal statutory tax rate to the effective tax rates for the years ended December 31, 2014, 2013 and 2012 are as follows:
		Year ended December 31,
		2014		2013		2012
	Federal statutory rate		34.0%		34.0%		34.0%
	Income allocated to non-controlling interests		-32.90%		-34.00%		-34.00%
	State and local corporate income taxes		0.2%		0.0%		0.0%
	Partnership unincorporated business tax		2.6%		4.3%		4.4%
	Permanent differences		-0.40%		0.0%		0.0%
	Effective tax rate		3.5%		4.3%		4.4%
	Interest expense and penalties related to income tax matters are recognized as a component of the provision for income taxes. There were no such amounts incurred during the years ended December 31, 2014, 2013 and 2012. As of and during the years ended December 31, 2014, 2013 and 2012, there were no uncertain tax positions taken that were not more likely than not to be sustained. Certain subsidiaries of the Company are no longer subject to tax examinations by taxing authorities for tax years prior to 2010 and, presently, have no open examinations for tax years before 2013.

COMPENSATION_EXPENSE

COMPENSATION EXPENSE	12 Months Ended
	Dec. 31, 2014
Compensation Expense [Abstract]
Compensation Expense	13.COMPENSATION EXPENSE
	Compensation generally includes salaries, bonuses, and profit sharing awards. Bonuses and profit sharing awards are accrued over the service period to which they relate. Prior to the Company’s reorganization and IPO, all payments made to the Medley LLC’s members were accounted for as distributions on the equity held by such members rather than as employee compensation. Subsequent to the Company’s reorganization and IPO, guaranteed payments paid to Medley LLC’s members who are senior professionals will be accounted for as employee compensation.
	Performance Fee Compensation
	In October 2010, the Company granted shares of vested profits interests in certain subsidiaries to selected employees. These awards are viewed as a profit-sharing arrangement and are accounted for under ASC 710, which requires compensation expense to be recognized over the vesting period, which is usually the period over which service is provided. The shares were vested at grant date, subject to a divestiture percentage based on percentage of service completed from the award grant date to the employee’s termination date. The Company adjusts the related liability quarterly based on changes in estimated cash flows for the profit interests.
	In January 2014, the Company granted additional shares of profit interests in certain subsidiaries to selected employees. The shares were fully vested at grant date and were not subject to a divestiture percentage. For the year ended December 31, 2014, performance compensation was $(1.5) million as a result of a reversal of compensation expense recorded in the prior year. For the years ended December 31, 2013 and 2012, performance compensation expense was $7.2 million and $5.1 million, respectively. As of December 31, 2014 and 2013, the total performance fee compensation payable for these awards was $11.8 million and $16.2 million, respectively.
	Retirement Plan
	The Company sponsors a defined-contribution 401(k) retirement plan that covers all employees. Employees are eligible to participate in the plan immediately, and participants are 100% vested from the date of eligibility. The Company makes contributions to the Plan of 3% of an employee’s eligible wages, up to a maximum limit as determined by the Internal Revenue Service. The Company also pays all administrative fees related to the plan. For the years ended December 31, 2014, 2013 and 2012, the Company’s contributions to the plan were $0.4 million, $0.3 million and $0.2 million, respectively.
	Stock-Based Compensation
	In connection with the IPO, the Company adopted the Medley Management Inc. 2014 Omnibus Incentive Plan (the "Plan"). The purpose of the Plan is to provide a means through which the Company may attract and retain key personnel and to provide a means whereby directors, officers, employees, consultants and advisors (and prospective directors, officers, employees, consultants and advisors) of the Company can acquire and maintain an equity interest in the Company, or be paid incentive compensation, including incentive compensation measured by reference to the value of Medley Management Inc.’s class A common stock or Medley LLC’s unit interests, thereby strengthening their commitment to the welfare of the Company and aligning their interests with those of the Company’s stockholders. The Plan provides for the issuance of incentive stock options ("ISOs"), nonqualified stock options, stock appreciation rights ("SARs"), restricted stock, restricted stock units (“RSUs”), stock bonuses, other stock-based awards and cash awards. The maximum aggregate number of awards available to be granted under the plan, as amended, is 4,500,000, of which all or any portion may be issued as shares of Medley Management Inc.’s class A common stock or Medley LLC’s unit interests. Shares of class A common stock issued by the Company in settlement of awards may be authorized and unissued shares, shares held in the treasury of the Company, shares purchased on the market or by private purchase or a combination of the foregoing. As of December 31, 2014, there were 3.3 million awards available to be granted under the Plan.
	The fair value of the RSUs granted in 2014 was determined to be the fair value of the underlying shares on the date of grant and aggregated to $16.0 million. This total fair value, which was adjusted for anticipated forfeitures of up to 8% per annum, will be charged to compensation expense on a straight-line basis over the vesting period, which is generally up to five years. For the year ended December 31, 2014, stock-based compensation was $0.9 million.
	The following summarizes RSU activity for the year ended December 31, 2014:
		Number of RSUs		Weighted Average Grant Date Fair Value
	Balance at January 1, 2013		-	$	-
	Granted		1,203,515		17.91
	Forfeited		-5,600		18.00
	Vested		-		-
	Balance at December 31, 2014		1,197,915	$	17.91
	As of December 31, 2014, there were approximately 895,000 RSUs outstanding, net of estimated forfeitures, that are expected to vest. Unamortized compensation cost related to unvested RSUs at December 31, 2014 was $15.1 million and is expected to be recognized over a weighted average period of 4.7 years.

MARKET_AND_OTHER_RISK_FACTORS

MARKET AND OTHER RISK FACTORS	12 Months Ended
	Dec. 31, 2014
Market and Other Risk Factors [Abstract]
Market and Other Risk Factors
	14.MARKET AND OTHER RISK FACTORS
	Due to the nature of the Consolidated Funds’ investment strategy, their portfolio of investments has significant market and credit risk. As a result, the Company is subject to market and other risk factors, including, but not limited to the following:
	Market Risk
	The market price of investments may significantly fluctuate during the period of investment. Investments may decline in value due to factors affecting securities markets generally or particular industries represented in the securities markets. The value of an investment may decline due to general market conditions that are not specifically related to such investment, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. They may also decline due to factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.
	Credit Risk
	There are no restrictions on the credit quality of the investments the Company intends to make. Investments may be deemed by nationally recognized rating agencies to have substantial vulnerability to default in payment of interest and/or principal. Some investments may have low-quality ratings or be unrated. Lower rated and unrated investments have major risk exposure to adverse conditions and are considered to be predominantly speculative. Generally, such investments offer a higher return potential than higher rated investments, but involve greater volatility of price and greater risk of loss of income and principal.
	In general, the ratings of nationally recognized rating organizations represent the opinions of agencies as to the quality of the securities they rate. Such ratings, however, are relative and subjective; they are not absolute standards of quality and do not evaluate the market value risk of the relevant securities. It is also possible that a rating agency might not change its rating of a particular issue on a timely basis to reflect subsequent events. The Company may use these ratings as initial criteria for the selection of portfolio assets for the Company but is not required to utilize them.
	Limited Liquidity of Investments
	The Company intends to invest in investments that may not be readily marketable. Illiquid investments may trade at a discount from comparable, more liquid investments and, at times there may be no market at all for such investments. Subordinate investments may be less marketable, or in some instances illiquid, because of the absence of registration under federal securities laws, contractual restrictions on transfer, the small size of the market or the small size of the issue (relative to issues of comparable interests). As a result, the Company may encounter difficulty in selling its investments or may, if required to liquidate investments to satisfy redemption requests of its investors or debt service obligations, be compelled to sell such investments at less than fair value.
	Counterparty Risk
	Some of the markets in which the Company may effect its transactions are “over-the-counter” or “interdealer” markets. The participants in such markets are typically not subject to credit evaluation and regulatory oversight, unlike members of exchange-based markets. This exposes the Company to the risk that a counterparty will not settle a transaction in accordance with its terms and conditions because of a dispute over the terms of the applicable contract (whether or not such dispute is bona fide) or because of a credit or liquidity problem, causing the Company to suffer loss. Such “counterparty risk” is accentuated for contracts with longer maturities where events may intervene to prevent settlement, or where the Company has concentrated its transactions with a single or small group of counterparties.
	Currency Risk
	The Company may invest in financial instruments and enter into transactions denominated in currencies other than its functional currency. Although the Company may seek to hedge currency exposure through financial instruments, the Company may still be exposed to risks that the exchange rate of its currency relative to other foreign currencies may change in a manner that has an adverse effect on the value of that portion of the Company’s assets or liabilities denominated in currencies other than the functional currency.
	The Company may enter into derivative contracts to manage the risk associated with foreign currency exchange fluctuations on its non-U.S. dollar denominated holdings.

SEGMENT_REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Segment Reporting
	15.SEGMENT REPORTING
	The Company’s business is currently comprised of only one reportable segment, the investment management segment, and substantially all Company operations are conducted through this segment. The investment management segment provides investment management services to permanent capital vehicles, long-dated private funds and separately managed accounts. The Company conducts its investment management business in the United States, where substantially all of its revenues are generated.
	In addition to analyzing the Company’s results on a GAAP basis, management also makes operating decisions and asse0sses business performance based on the financial and operating metrics and data that are presented without the consolidation of any funds. Core Net Income and Core EBITDA are income measures that are used by management to assess the performance of its business.
	Core Net Income. Core Net Income is an income measure that is used by management to assess the performance of the business through the removal of non-core items, as well as other non-recurring expenses. It is calculated by adjusting standalone net income attributable to members of Medley to exclude reimbursable expenses associated with the launch of funds, certain one-time severance costs and stock-based compensation associated with RSUs that were granted to employees in connection with the Company’s IPO.
	Core Earnings before interest, income taxes, depreciation and amortization (Core EBITDA). Core EBITDA is calculated as Core Net Income before interest expense, income taxes and depreciation.
	The following presents the standalone financial results of the Company’s operating results for the years ended December 31, 2014, 2013 and 2012:
		For the Year Ended December 31,
		2014			2013			2012
		(Amounts in thousands)
	Revenues
	Management fees	$	65,765		$	46,424		$	33,690
	Performance fees		7,884			8,236			3,883
	Other revenues and fees		8,871			5,011			2,527
	Total revenues		82,520			59,671			40,100
	Expenses
	Compensation and benefits		20,322			13,712			11,477
	Performance fee compensation		-1,543			7,192			5,148
	General, administrative and other expenses		16,312			12,655			9,679
	Total expenses		35,091			33,559			26,304
	Other income (expense)
	Dividend income		886			886			245
	Interest expense		-5,520			-1,479			-831
	Other expenses, net		-2,097			-1,168			-905
	Total other expense, net		-6,731			-1,761			-1,491
	Income before income taxes	$	40,698		$	24,351		$	12,305
	Provision for income taxes		1,015			714			387
	Net income		39,683			23,637			11,918
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933			-			-
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC	$	37,750		$	23,637		$	11,918
	Reimbursable fund startup expenses (1)		5,599			3,825			1,423
	Severance expense (1)		-5			737			-
	IPO date award stock-based compensation (1)		822			-			-
	Adjustment for pre-IPO guaranteed payments to members (1)(2)		-3,284			-4,993			-2,913
	Core Net Income	$	40,882		$	23,206		$	10,428
	Interest expense		5,520			1,479			831
	Income taxes		1,154			701			343
	Depreciation and amortization		401			276			258
	Core EBITDA	$	47,957		$	25,662		$	11,860
	(1)    Presented net of income taxes.
	(2)Represents a pro forma adjustment to reflect guaranteed payments to Medley LLC members as compensation expense. Prior to the Company’s reorganization and IPO, these payments were recorded as distributions from member’s capital.
	The following tables reconcile the Company’s segment results to its consolidated results of operations:
		For the Year Ended December 31, 2014
		Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
		(Amounts in thousands)
	Revenues	$	82,520		$	-10,347	-1		$	72,173
	Expenses		35,091			1,670	-2			36,761
	Other income (expense), net		-6,731			43,247	-3			36,516
	Provision for income taxes		1,015			1,513	-4			2,528
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933			-				1,933
	Net income attributable to non-controlling interest in Consolidated Funds		-			29,717				29,717
	Net income attributable to non-controlling interests in Medley LLC		36,055			-				36,055
	Net income attributable to Medley Management Inc.		1,695			-				1,695
	Add: Net income attributable to non-controlling interests in Medley LLC		36,055			-				36,055
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		37,750			-				37,750
	Reimbursable fund startup expenses		5,599			-				5,599
	Severance expenses		-5			-				-5
	IPO date award stock-based compensation		822			-				822
	Adjustment for pre-IPO guaranteed payments to members		-3,284			-				-3,284
	Core Net Income	$	40,882		$	-			$	40,882
		For the Year Ended December 31, 2013
		Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
		(Amounts in thousands)
	Revenues	$	59,671		$	-15,802	-1		$	43,869
Expenses		33,559			1,225	-2			34,784
Other income (expense)		-1,761			30,850	-3			29,089
Provision for income taxes		714			925	-4			1,639
Net income attributable to non-controlling interest in Consolidated Funds		-			12,898				12,898
Net income attributable to non-controlling interests in Medley LLC		23,637			-				23,637
Net income attributed to Medley Management Inc.		-			-				-
Add: Net income attributable to non-controlling interests in Medley LLC		23,637			-				23,637
Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		23,637			-				23,637
Reimbursable fund startup expenses		3,825			-				3,825
Severance expenses		737			-				737
Adjustment for pre-IPO guaranteed payments to members		-4,993			-				-4,993
Core Net Income	$	23,206		$	-			$	23,206
	For the Year Ended December 31, 2012
	Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
	(Amounts in thousands)
Revenues	$	40,100		$	-11,858	-1		$	28,242
Expenses		26,304			1,653	-2			27,957
Other income (expense)		-1,491			25,772	-3			24,281
Provision for income taxes		387			700	-4			1,087
Net income attributable to non-controlling interest in Consolidated Funds		-			11,561				11,561
Net income attributable to non-controlling interests in Medley LLC		11,918			-				11,918
Net income attributed to Medley Management Inc.		-			-				-
Add: Net income attributable to non-controlling interests in Medley LLC		11,918			-				11,918
Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		11,918			-				11,918
Reimbursable fund startup expenses		1,423			-				1,423
Severance expenses		-			-				-
Adjustment for pre-IPO guaranteed payments to members		-2,913							-2,913
Core Net Income	$	10,428		$	-			$	10,428
(1)Adjustments and reconciling items to revenues represent management and performance fees earned from Consolidated Funds which were eliminated in consolidation. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Management fees from Consolidated Funds eliminated in consolidation		$	-4,513		$	-9,978		$	-8,365
MOF II Performance fees eliminated in consolidation			-5,834			-5,824			-3,118
Administrative fees from Consolidated Funds eliminated in consolidation			-			-			-375
Total consolidated adjustments and reconciling items		$	-10,347		$	-15,802		$	-11,858
(2)The adjustment and reconciling items to expenses represent expenses from Consolidated Funds which were eliminated in consolidation. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Consolidated Funds Expenses		$	1,670		$	1,225		$	1,653
Total consolidated adjustments and reconciling items		$	1,670		$	1,225		$	1,653
(3)The other income adjustment and reconciling items primarily represents net interest income and net investment income from Consolidated Funds. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Interest and other income of Consolidated Funds		$	71,468		$	52,550		$	39,001
Interest expense on secured borrowings of Consolidated Funds			-9,951			-2,638			-2,666
Net realized gain (loss) on investment of Consolidated Funds			789			-16,080			-1,600
Net change in unrealized depreciation on investments of Consolidated Funds			-20,557			-3,361			-10,103
Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds			1,174			-306			787
Elimination of equity income from Consolidated Funds			324			685			353
Total consolidated adjustments and reconciling items		$	43,247		$	30,850		$	25,772
(4)The provision for income taxes adjustment and reconciling items represents income taxes from Consolidated Funds. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Consolidated Funds provision for income taxes		$	1,513		$	925		$	700
Total consolidated adjustments and reconciling items		$	1,513		$	925		$	700

CONSOLIDATING_SCHEDULES

CONSOLIDATING SCHEDULES	12 Months Ended
	Dec. 31, 2014
Organization and Basis of Presentation & Consolidating Schedules [Abstract]
Consolidating Schedules
	16.CONSOLIDATING SCHEDULES
	The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the Company’s financial condition as of December 31, 2014 and 2013, and the Company’s results from operations for the years ended December 31, 2014, 2013 and 2012. The financial condition and results of operations for Medley are presented in the tables below under the “Standalone” column.
		For the Year Ended December 31, 2014
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Revenues:
	Management fees	$	65,765	$	-	$	-4,513	$	61,252
	Performance fees		7,884		-		-5,834		2,050
	Other revenues and fees		8,871		-		-		8,871
	Total revenues		82,520		-		-10,347		72,173
	Expenses:
	Compensation and benefits		20,322		-		-		20,322
	Performance fee compensation		-1,543		-		-		-1,543
	Consolidated Funds expenses		-		6,183		-4,513		1,670
	General, administrative and other expenses		16,312		-		-		16,312
	Total operating expenses		35,091		6,183		-4,513		36,761
	Other income (expense):
	Dividend income		886		-		-		886
	Interest expense		-5,520		-		-		-5,520
	Other income (expenses), net		-2,097		-		324		-1,773
	Interest and other income of Consolidated Funds		-		71,468		-		71,468
	Interest expense of Consolidated Funds		-		-9,951		-		-9,951
	Net realized gain on investments of Consolidated Funds		-		789		-		789
	Net change in unrealized depreciation on investments of Consolidated Funds		-		-20,557		-		-20,557
	Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				1,174				1,174
	Total other income (expense), net		-6,731		42,923		324		36,516
	Income before income taxes		40,698		36,740		-5,510		71,928
	Provision for income taxes		1,015		1,513		-		2,528
	Net income		39,683		35,227		-5,510		69,400
	Net income attributable to non-controlling interests in Consolidated Funds		-		-		29,717		29,717
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933		-		-		1,933
	Net income attributable to non-controlling interests in Medley LLC		36,055		-		-		36,055
	Net income attributable to Medley Management Inc.	$	1,695	$	35,227	$	-35,227	$	1,695
		As of December 31, 2014
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Assets
	Cash and cash equivalents	$	87,206	$	-	$	-	$	87,206
	Investment, at fair value		22,143		-		-12,242		9,901
	Management fees receivable		15,173		-		-		15,173
	Performance fees receivable		5,573		-		-		5,573
	Other assets		9,230		-		-		9,230
	Assets of Consolidated Funds:								-
	Cash and cash equivalents		-		38,111		-		38,111
	Investments, at fair value		-		734,870		-		734,870
	Interest and dividends receivable		-		6,654		-		6,654
	Other assets		-		5,057		-1,376		3,681
	Total assets	$	139,325	$	784,692	$	-13,618	$	910,399
	Liabilities and equity
	Loans payable	$	103,057	$	-	$	-	$	103,057
	Accounts payable, accrued expenses and other liabilities		28,959		-		-1,376		27,583
	Performance fee compensation payable		11,807		-		-		11,807
	Liabilities of Consolidated Funds:
	Accounts payable, accrued expenses and other liabilities		-		5,767		-		5,767
	Secured borrowings		-		141,135		-		141,135
	Total liabilities		143,823		146,902		-1,376		289,349
	Equity
	Class A Common Stock		60		-		-		60
	Class B Common Stock		-		-		-		-
	Capital deficit		-2,384		-		-		-2,384
	Retained earnings		272		-		-		272
	Total stockholders' deficit, Medley Management Inc.		-2,052		-		-		-2,052
	Non-controlling interests in Consolidated Funds		-		-		625,548		625,548
Non-controlling interests in consolidated subsidiaries		1,526		-		-		1,526
Non-controlling interests in Medley LLC		-3,972		-		-		-3,972
Members' equity of consolidated funds		-		637,790		-637,790		-
Total (deficit) equity		-4,498		637,790		-12,242		621,050
Total liabilities and equity	$	139,325	$	784,692	$	-13,618	$	910,399
	For the Year Ended December 31, 2013
	Standalone		Consolidated Funds		Eliminations		Consolidated
	(Amounts in thousands)
Revenues:
Management fees	$	46,424	$	-	$	-9,978	$	36,446
Performance fees		8,236		-		-5,824		2,412
Other revenues and fees		5,011		-		-		5,011
Total revenues		59,671		-		-15,802		43,869
Expenses:
Compensation and benefits		13,712		-		-		13,712
Performance fee compensation		7,192		-		-		7,192
Consolidated Funds expenses		-		11,203		-9,978		1,225
General, administrative and other expenses		12,655		-		-		12,655
Total operating expenses		33,559		11,203		-9,978		34,784
Other income (expense):
Dividend income		886		-		-		886
Interest expense		-1,479		-		-		-1,479
Other income (expenses), net		-1,168		-		685		-483
Interest and other income of Consolidated Funds		-		52,550		-		52,550
Interest expense of Consolidated Funds				-2,638				-2,638
Net realized loss on investments of Consolidated Funds		-		-16,080		-		-16,080
Net change in unrealized depreciation on investments of Consolidated Funds		-		-3,361		-		-3,361
Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				-306				-306
Total other income (expense)		-1,761		30,165		685		29,089
Income before income taxes		24,351		18,962		-5,139		38,174
Provision for income taxes		714		925		-		1,639
Net income		23,637		18,037		-5,139		36,535
Net income attributable to non-controlling interests in Consolidated Funds		-		-		12,898		12,898
Net income attributable to Medley LLC	$	23,637	$	18,037	$	-18,037	$	23,637
	As of December 31, 2013
	Standalone		Consolidated Funds		Eliminations		Consolidated
	(Amounts in thousands)
Assets
Cash and cash equivalents	$	5,395	$	-	$	-	$	5,395
Investment, at fair value		21,443		-		-11,270		10,173
Management fees receivable		8,921		-		-		8,921
Performance fees receivable		3,339		-		-		3,339
Other assets		4,216		-		1,092		5,308
Assets of Consolidated Funds:
Cash and cash equivalents		-		60,355		-		60,355
Investments, at fair value		-		453,396		-		453,396
Interest and dividends receivable		-		2,969		-		2,969
Other assets		-		1,565		-1,129		436
Total assets	$	43,314	$	518,285	$	-11,307	$	550,292
Liabilities and equity
Loans payable	$	27,990	$	-	$	-	$	27,990
Accounts payable, accrued expenses and other liabilities		17,613		-		-		17,613
Performance fee compensation payable		16,225		-		-		16,225
Liabilities of Consolidated Funds:
Accounts payable, accrued expenses and other liabilities		-		1,363		-38		1,325
Secured borrowings		-		41,178		-		41,178
Total liabilities		61,828		42,541		-38		104,331
Equity
Non-controlling interest in Consolidated Funds		-		-		464,475		464,475
Non-controlling interest in consolidated subsidiaries		40		-		-		40
Members' (deficit) equity		-18,554		475,744		-475,744		-18,554
Total (deficit) equity		-18,514		475,744		-11,269		445,961
Total liabilities and equity	$	43,314	$	518,285	$	-11,307	$	550,292
	For the Year Ended December 31, 2012
	Standalone		Consolidated Funds		Eliminations		Consolidated
	(Amounts in thousands)
Revenues:
Management fees	$	33,690	$	-	$	-8,365	$	25,325
Performance fees		3,883		-		-3,118		765
Other revenues and fees		2,527		-		-375		2,152
Total revenues		40,100		-		-11,858		28,242
Expenses:
Compensation and benefits		11,477		-		-		11,477
Performance fee compensation		5,148		-		-		5,148
Consolidated Funds expenses		-		10,393		-8,740		1,653
General, administrative and other expenses		9,679		-		-		9,679
Total operating expenses		26,304		10,393		-8,740		27,957
Other income (expense):
Dividend income		245		-		-		245
Interest expense		-831		-		-		-831
Other income (expenses), net		-905		-		353		-552
Interest and other income of Consolidated Funds		-		39,001		-		39,001
Interest expense of Consolidated Funds				-2,666				-2,666
Net realized loss on investments of Consolidated Funds		-		-1,600		-		-1,600
Net change in unrealized depreciation on investments of Consolidated Funds		-		-10,103		-		-10,103
Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				787				787
Total other income (expense)		-1,491		25,419		353		24,281
Income before income taxes		12,305		15,026		-2,765		24,566
Provision for income taxes		387		700		-		1,087
Net income		11,918		14,326		-2,765		23,479
Net income attributable to non-controlling interests in Consolidated Funds		-		122		11,439		11,561
Net income attributable to Medley LLC	$	11,918	$	14,204	$	-14,204	$	11,918

QUARTERLY_FINANCIAL_DATA

QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	17.QUARTERLY FINANCIAL DATA (unaudited)
	The following tables present the Company’s consolidated unaudited quarterly results of operations for 2014 and 2013.
		For the Three Months Ended
		(unaudited)
		December 31,		September 30,		June 30,		March 31,
		2014		2014		2014		2014
		(Amounts in thousands)
	Revenues	$	18,187	$	20,765	$	17,225	$	15,996
	Expenses		5,564		8,510		12,861		9,826
	Total other income, net		3,575		11,726		17,228		3,987
	Income before income taxes		16,198		23,981		21,592		10,157
	Net income		15,844		23,058		20,845		9,653
	Net income attributable to non-controlling interest in Consolidated Funds		6,815		9,933		9,057		3,912
	Net income attributable to non-controlling interests in consolidated subsidiaries		-239		612		1,607		-47
	Net income attributable to non-controlling interests in Medley LLC	$	7,951	$	12,135		10,181		5,788
	Net income attributable to Medley Management Inc.		1,317		378
	Net income per Class A common stock:
	Basic (Note 11)		0.19		0.05
	Diluted (Note 11)		0.19		0.05
	Weighted average shares - Basic and Diluted	6,000,000		6,000,000
		For the Three Months Ended
		(unaudited)
		December 31,		September 30,		June 30,		March 31,
		2013		2013		2013		2013
		(Amounts in thousands)
	Revenues	$	15,312	$	11,429	$	9,300	$	7,828
	Expenses		8,568		7,892		10,635		7,689
	Total other expense, net		11,100		10,424		1,918		5,647
	Income before income taxes		17,844		13,961		583		5,786
	Net income		17,343		13,499		232		5,461
	Net income attributable to non-controlling interest in Consolidated Funds		7,067		6,183		-1,635		1,283
	Net income attributable to non-controlling interests in Medley LLC	$	10,276	$	7,316	$	1,867	$	4,178

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	18.SUBSEQUENT EVENTS
	Effective January 1, 2015, Medley completed its role as investment manager of Medley's first private debt fund, Medley Opportunity Fund I LP ("MOF I LP"), one of the Consolidated Funds, and transitioned the management of the residual assets of MOF I LP to another asset manager. As a result of this transition, the Company deconsolidated the financial statements of MOF I LP, on January 1, 2015. There was no gain or loss recorded on the deconsolidation.
	Had the Company deconsolidated the assets and liabilities of MOF I LP as of December 31, 2014, the total assets of Consolidated Funds would have been reduced by $20.0 million, the total liabilities of Consolidated Funds would have been reduced by $2.9 million and the non-controlling interests in Consolidated Funds would have been reduced by $15.3 million.  Partially offsetting the impact of the decrease in total consolidated assets would have been a  $1.8 million increase in investments held by Medley LLC.  The Company believes that the impact of the deconsolidation of MOF I LP would not have had a material impact on the Company’s balance sheet as of December 31, 2014.
	On March 29, 2015, the Company’s board of directors declared a quarterly dividend of $0.20 per share of Class A common stock, for the first quarter 2015, payable on May 6, 2015, to shareholders of record of the Company’s Class A common stock as of the close of business on April 23, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
	In accordance with Accounting Standards Codification (‘‘ASC’’) 810, Consolidation, the Company consolidates those entities where it has a direct and indirect controlling financial interest based on either a variable interest model or voting interest model. As such, the Company consolidates entities that the Company concludes are variable interest entities (‘‘VIEs’’), for which the Company is deemed to be the primary beneficiary and entities in which it holds a majority voting interest or has majority ownership and control over the operational, financial and investing decisions of that entity.
	An entity in which the Company holds a variable interest is a VIE if any one of the following conditions exist: (a) the total equity investment at risk is not sufficient to permit the legal entity to finance its activities without additional subordinated financial support, (b) the holders of equity investment at risk (as a group) lack either the direct or indirect ability through voting rights or similar rights to make decisions about a legal entity’s activities that have a significant effect on the success of the legal entity or the obligation to absorb the expected losses or right to receive the expected residual returns or (c) the voting rights of some investors are disproportionate to their obligation to absorb the expected losses of the legal entity, their rights to receive the expected residual returns of the legal entity, or both, and substantially all of the legal entity’s activities either involve or are conducted on behalf of an investor with disproportionately few voting rights. Entities that do not qualify as VIEs are generally assessed for consolidation under the voting interest model.
	For those entities that qualify as a VIE, the Company performs an analysis to determine if it is the primary beneficiary. With respect to certain VIEs that qualify for accounting treatment under Accounting Standard Update (“ASU”) 2010-10, the Company determines that it is the primary beneficiary only if its involvement, through holding interests directly or indirectly in the VIE or contractually through other variable interests (e.g., carried interest and management fees), would be expected to absorb a majority of the VIE’s expected losses, receive a majority of the VIE’s expected residual returns, or both. In order to qualify for this accounting treatment, certain conditions have to be met, including if the entities have all the attributes of an investment company and are not securitization or asset-backed financing entities. For all other entities, the Company determines that it is the primary beneficiary if it holds a controlling financial interest defined as possessing both (a) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (b) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company determines whether it is the primary beneficiary of a VIE at the time it becomes initially involved with the VIE and reconsiders that conclusion continuously. In making its assessment the Company takes into consideration all fee and substantive arrangements, terms and transactions that may exist. The assessment of whether an entity is a VIE and the determination of whether the Company should consolidate such VIE requires judgments and is dependent on the particular facts and circumstances. Each entity is assessed for consolidation on a case by case basis.
	For those entities evaluated under the voting interest model, the Company consolidates those entities it controls through a majority voting interest or through other means whereby the Company is the general partner and is presumed to have control. The Company would not consolidate an entity in which the presumption of control by the general partner has been overcome through either the granting of substantive rights to the unaffiliated investors to either dissolve the entity or remove the general partner (‘‘kick-out-rights”) or the granting of substantive participating rights.
Consolidated Variable Interest Entities	Consolidated Variable Interest Entities
	Medley Management Inc. is the sole managing member of Medley LLC and, as such, it operates and controls all of the business and affairs of Medley LLC and, through Medley LLC, conducts its business. Under ASC 810, Medley LLC meets the definition of a variable interest entity because the equity of Medley LLC is not sufficient to permit activities without additional subordinated financial support. Since Medley Management Inc. has the obligation to absorb expected losses that could be significant to Medley LLC and holds 100% of the voting power, Medley Management Inc. is considered to be the primary beneficiary of Medley LLC.
	As a result, Medley Management Inc. consolidates the financial results of Medley LLC and its subsidiaries and records a non-controlling interest for the economic interest in Medley LLC held by the non-managing members. Medley Management Inc.’s and the non-managing members’ economic interest in Medley LLC is 20.5% and 79.5%, respectively, as of December 31, 2014. Net income attributable to the non-controlling interest in Medley LLC on the consolidated statements of operations represents the portion of earnings attributable to the economic interest in Medley LLC held by its non-managing members. Non-controlling interests in Medley LLC on the consolidated balance sheets represents the portion of net assets of Medley LLC attributable to the non-managing members based on total LLC Units of Medley LLC owned by such non-managing members.
	Medley LLC has one majority owned subsidiary, SIC Advisors LLC, that is a consolidated VIE. This entity was organized as a limited liability company and was legally formed to manage a designated fund and to isolate business risk. As of December 31, 2014 and 2013, total assets, after eliminating entries, of this VIE reflected in the consolidated balance sheets were $18.0 million and $11.9 million, respectively. Total liabilities, after eliminating entries, of this VIE were $19.6 million and $16.1 million as of December 31, 2014 and 2013, respectively. Except to the extent of the assets of this VIE that are consolidated, the holders of the consolidated VIE’s liabilities generally do not have recourse to the Company.
Consolidated Funds	Consolidated Funds
	With respect to the Consolidated Funds, which represent limited partnerships, Medley LLC earns a fixed management fee based on either (a) limited partners’ capital commitments to the funds, (b) invested capital, (c) net asset value (‘‘NAV’’), or (d) lower of cost or market value of a fund’s portfolio investments. In addition, Medley earns a performance fee based upon the investment returns in excess of a stated hurdle rate. The Company considered the accounting treatment under ASU 2010-10 as all the respective conditions have been met and determined that the funds were not VIEs. However, as the general partner, and due to the lack of substantive kick out or participating rights of the limited partners, these funds have been consolidated under the voting interest model in accordance with ASC 810-20, Control of Partnerships and Similar Entities.
	Effective January 1, 2015, the Company completed its role as investment manager of one of its Consolidated Funds and transitioned the management of the residual assets of the fund to another asset manager. As a result of this transition, the Company deconsolidated the fund on January 1, 2015 (Note 17).
	In December 2014, the Company formed the Medley Opportunity Fund III (MOF III) which is structured as a limited partnership.  One of the Company’s wholly owned subsidiaries is the general partner and investment manager of MOF III. The Company considered the accounting treatment under ASU 2010-10 as all the respective conditions have been met and determined that MOF III was not a VIE. However, as the general partner, and due to the lack of substantive kick out or participating rights of the limited partners, this fund has been consolidated under the voting interest model in accordance with ASC 810-20, Control of Partnerships and Similar Entities.
Non-Consolidated Variable Interest Entities	Non-Consolidated Variable Interest Entities
	Beginning in November 2006, Medley held a variable interest in an investment fund which was formed under the laws of the Cayman Islands and organized to make investments in a diversified portfolio of corporate and asset-based investments. The equity holders (as a group) lack the direct and indirect ability through voting rights or similar rights to make decisions about this legal entity’s activities that have a significant effect on the success of the legal entity. As such, this entity is considered to be a VIE. Medley had a variable interest in the fund through an investment management agreement pursuant to which Medley managed the investment activities of the fund, received an annual base management fee and was entitled to receive an incentive fee, subject to the underlying financial performance of the investment fund. The Company did not consolidate this entity as Medley was not deemed to be its primary beneficiary. Medley determined that it was not the primary beneficiary as it did not absorb a majority of the entity’s expected losses, receive a majority of the entity’s expected residual returns or have majority control of the entity. Medley considered the accounting treatment under ASU 2010-10 as all the respective conditions were met. Effective October 31, 2014, the investment management agreement was terminated and Medley transferred its responsibilities to a new investment manager and, as such, no longer held a variable interest in this entity.
	Since inception through December 31, 2012, the annual base management fee was equal to 2.0% of the fund’s net assets. Effective January 1, 2013 and 2014 the annual base management fee was reduced to 1.25% and 0.75%, respectively, of the fund’s net assets. For the years ended December 31, 2014, 2013 and 2012, the Company received management fees of $1.1 million, $3.7 million and $7.7 million, respectively. As of December 31, 2014 and 2013, there were no assets recognized in the Company’s consolidated balance sheets related to this non-consolidated VIE and Medley had no exposure to losses from the entity.
Deconsolidation of a Fund	Deconsolidation of a Fund
	Commencing in 2012, the Company initially owned 100% of the outstanding shares of Sierra Income Corporation (“SIC”) and had consolidated SIC in its consolidated financial statements. Following SIC’s raising of additional third-party capital, the Company no longer had a controlling interest in SIC and it deconsolidated the entity at December 31, 2012 in accordance with ASC 810-10, Consolidation – Overall.
Seed Investments	Seed Investments
	Medley accounts for seed investments through the application of the voting interest model under ASC 810-10-25-1 through 25-14 and would consolidate a seed investment when the investment advisor holds a controlling interest, in general, 50% or more of the equity in such investment. For seed investments for which Medley does not hold a controlling interest, Medley would account for such seed investment under the equity method of accounting, at its ownership percentage of such seed investment’s net asset value. Medley’s investment in Sierra Income Corporation (“SIC”) amounted to $9.9 million and $10.2 million as of December 31, 2014 and 2013, respectively, and is included as a component of investments, at fair value, on the Company’s consolidated balance sheets.
Basis of Accounting	Basis of Accounting
	Management has determined that the Company’s Consolidated Funds are investment companies under U.S. GAAP for the purposes of financial reporting. U.S. GAAP requires that investments held by an investment company be recorded at fair value and any unrealized appreciation (depreciation) in an investment’s fair value be recognized on a current basis in the consolidated statements of operations. Additionally, the Consolidated Funds do not consolidate their majority-owned and controlled investments in portfolio companies. In the preparation of these consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under U.S. GAAP. As such, all of the investments held by the Consolidated Funds are presented at their estimated fair values in the Company’s consolidated balance sheets. Interest income of the Consolidated Funds is included in interest and other income of Consolidated Funds in the Company’s consolidated statements of operations.
Concentrations of Credit Risk	Concentrations of Credit and Market Risk
	In the normal course of business, the Company encounters significant credit and market risk. Credit risk is the risk of default on investments in debt securities, loans and derivatives that result from a borrower’s or derivative counterparty’s inability or unwillingness to make required or expected payments. Credit risk is increased in situations where the Company is investing in distressed assets or unsecured or subordinate loans or in securities that are a material part of its respective business. Market risk reflects changes in the value of investments due to changes in interest rates, credit spreads or other market factors.
	The Company may make investments outside of the United States. These non-U.S. investments are subject to the same risks associated with U.S. investments as well as additional risks, such as fluctuations in foreign currency exchange rates, unexpected changes in regulatory requirements, heightened risk of political and economic instability, difficulties in managing the investments, potentially adverse tax consequences, and the burden of complying with a wide variety of foreign laws.
Use of Estimates
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Management’s estimates are based on historical experience and other factors, including expectations of future events that management believes to be reasonable under the circumstances. These assumptions and estimates also require management to exercise judgment in the process of applying the Company’s accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on performance fees involve a higher degree of judgment and complexity and these assumptions and estimates may be significant to the consolidated financial statements. Actual results could differ from these estimates and such differences could be material.
Indemnification	Indemnification
	In the normal course of business, the Company enters into contractual agreements that provide general indemnifications against losses, costs, claims and liabilities arising from the performance of individual obligations under such agreements. The Company has not experienced any prior claims or payments pursuant to such agreements. The Company’s individual maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, based on management’s experience, the Company expects the risk of loss to be remote.
Non-Controlling Interests in Consolidated Subsidiaries	Non-Controlling Interests in Consolidated Entities
	Non-controlling interests in Consolidated Funds and consolidated subsidiaries represent the component of equity in such consolidated entities held by third party investors. These interests are adjusted for general partner allocations and, for funds, by subscriptions and redemptions that occur during the reporting period.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents for the Company include liquid investments in money market funds and demand deposits. The Company had cash balances with financial institutions in excess of Federal Deposit Insurance Corporation insured limits during 2014 and 2013. The Company monitors the credit standing of these financial institutions and has not experienced, and has no expectations of experiencing any losses with respect to such balances.
Class A Earnings per Share	Class A Earnings per Share
	The Company computes and presents earnings per share using the two-class method.  Under the two-class method, the Company allocates earnings between common stock and participating securities. The two-class method includes an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared and undistributed earnings for the period. For purposes of calculating earnings per share, the Company reduces its reported net earnings by the amount allocated to participating securities to arrive at the earnings allocated to Class A common stockholders.   Earnings is then divided by the weighted average number of Class A common stock outstanding to arrive at basic earnings per share. Diluted earnings per share reflects the potential dilution beyond shares for basic earnings per share that could occur if securities or other contracts to issue common stock were exercised, converted into common stock, or resulted in the issuance of common stock that would have shared in our earnings. Participating securities consist of the Company’s unvested restricted stock units that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the number of shares outstanding in its basic and diluted calculations.
Investments
	Investments
	Investments include an equity method investment that is not consolidated but in which the Company exerts significant influence, and investments held by the Consolidated Funds. Medley measures the fair value of its equity method investment that does not have a readily determinable fair value at net asset value or market value. Unrealized appreciation (depreciation) resulting from changes in fair value of the equity method investee is reflected as a component of other income (expense) in the consolidated statements of operations.
	The Consolidated Funds reflect their investments at fair value with unrealized appreciation (depreciation) resulting from changes in fair value reflected as a component of net change in unrealized depreciation on investments of Consolidated Funds in the consolidated statements of operations. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (i.e., the exit price).
Fair Value Measurements	Fair Value Measurements
	The Consolidated Funds apply fair value accounting to all of its financial instruments in accordance with ASC 820, Fair Value Measurements and Disclosures. ASC 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC 820, the Consolidated Funds have categorized their financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy as discussed in Note 4. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity specific measure. Therefore, when market assumptions are not readily available, the Consolidated Funds’ own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date.
	Investments for which market quotations are readily available are valued at such market quotations, which are generally obtained from an independent pricing service or multiple broker-dealers or market makers. The Company weights the use of third-party broker quotes, if any, in determining fair value based on the Company’s understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer. However, debt investments with remaining maturities within 60 days that are not credit impaired are valued at cost plus accreted discount, or minus amortized premium, which approximates fair value. Investments for which market quotations are not readily available are valued at fair value as determined by the Company based upon inputs by third-party valuation firms. Because these investments are illiquid and because there may not be any directly comparable companies whose financial instruments have observable market values, these loans are valued using a fundamental valuation methodology, consistent with traditional asset pricing standards, that is objective and consistently applied across all loans and through time.
	The Consolidated Funds use third-party valuation firms to assist in the valuation of its portfolio investments. The valuation reports generated by the third-party valuation firms consider the evaluation of financing and sale transactions with third parties, expected cash flows and market-based information, including comparable transactions, performance multiples, and movement in yields of debt instruments, among other factors. Based on market data obtained from the third-party valuation firms, the Consolidated Funds use a market yield analysis under the income approach or an enterprise model of valuation under the market approach, or a combination thereof. In applying the market yield analysis, the value of the Consolidated Funds’ loans is determined based upon inputs such as the coupon rate, current market yield, interest rate spreads of similar securities, the stated value of the loan, and the length to maturity. In applying the enterprise model, the Consolidated Funds use a waterfall analysis that takes into account the specific capital structure of the borrower and the related seniority of the instruments within the borrower’s capital structure. To estimate the enterprise value of the portfolio company, some or all of the traditional market valuation methods and factors are weighed based on the individual circumstances of the portfolio company in order to estimate the enterprise value.
	The methodologies and information that the Company utilizes when applying the Market Approach for performing investments includes, among other things:
		·	valuations of comparable public companies (Guideline Comparable approach),
		·	recent sales of private and public comparable companies (Guideline Comparable approach),
		·	recent acquisition prices of the company, debt securities or equity securities (Acquisition Price Approach),
		·	external valuations of the portfolio company, offers from third parties to buy the company (Estimated Sales Proceeds approach),
		·	subsequent sales made by the company of its investments (Expected Sales Proceeds approach); and
		·	estimating the value to potential buyers.
	The methodologies and information that the Company utilizes when applying the Income Approach for performing investments includes:
		·	discounting the forecasted cash flows of the portfolio company or securities (Discounted Cash Flow “DCF” approach); and
		·	Black-Scholes model or simulation models or a combination thereof (Income Approach – Option Model) with respect to the valuation of warrants.
	For non-performing investments, the Company may estimate the liquidation or collateral value of the portfolio company’s assets and liabilities using an expected recovery model (Income Approach – Expected Recovery Analysis or Estimated Liquidation Proceeds).
	A multi-step valuation process is undertaken each quarter when valuing portfolio investments for which market quotations are not readily available, as described below:
		·	The quarterly valuation process begins with each portfolio investment being initially valued by the Company’s internal valuation team;
		·	An independent valuation firm engaged by the Consolidated Funds prepares an independent valuation report for approximately one third of the portfolio investments each quarter on a rotating quarterly basis on non-fiscal year-end quarters, such that each of these investments will be valued by independent valuation firms at least twice per annum when combined with the fiscal year-end review of all the investments by independent valuation firms; and
		·	Preliminary valuation conclusions are then documented and discussed with senior management.
	Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Consolidated Funds’ investments may differ significantly from the values that would have been used had a readily available market value existed for such investments, and the differences could be material.
Property and Equipment	Property and Equipment
	Property and equipment consist primarily of furniture, fixtures, computer equipment, and leasehold improvements and are recorded at cost, less accumulated depreciation and amortization.
	The Company calculates depreciation expense for furniture, fixtures, and computer equipment using the straight-line method over the estimated useful life used for the respective assets, which generally ranges from three to seven years. Amortization of leasehold improvements is provided on a straight-line basis over the shorter of the remaining term of the underlying lease or estimated useful life of the improvement. Useful lives of leasehold improvements range from three to eight years.
Deferred Financing Costs	Deferred Financing Costs
	Deferred financing costs represent direct costs incurred in conjunction with the establishment of credit facilities and debt refinancing. Deferred financing costs, and the related amortization expense, are adjusted when any prepayments of principal are made to the related outstanding debt. These costs are amortized as an adjustment to interest expense over the term of the related debt.
Revenues	Revenues
	Management Fees
	Medley provides investment management services to both public and private investment vehicles. Management fees include both base management fees, other management fees, and Part I incentive fees, as described below.
	Base management fees are calculated based on either (a) the average or ending gross assets balance for the relevant period, (b) limited partners’ capital commitments to the funds, (c) invested capital, (d) the net asset value or (e) lower of cost or market value of a fund’s portfolio investments. For the private funds, Medley receives base management fees during a specified period of time, which is generally ten years from the initial closing date. However, such termination date may be earlier in certain limited circumstances or later if extended for successive one-year periods, typically up to a maximum of two years. Depending upon the contracted terms of the investment management agreement, management fees are paid either quarterly in advance or quarterly in arrears, and are recognized as earned over the period the services are provided.
	Certain management agreements provide for Medley to receive other management fee revenue derived from up front origination fees paid by the portfolio companies of the Consolidated Funds, as well as, separately managed accounts. These fees are recognized when Medley becomes entitled to such fees.
	Certain management agreements also provide for Medley to receive Part I incentive fee revenue derived from net interest income (excluding gains and losses) above a hurdle rate. These fees are not subject to repayment, clawbacks or netting against realized losses. Part I incentive fees are paid quarterly and are recognized as earned over the period the services are provided.
	Performance Fees
	Performance fees consist principally of the allocation of profits from certain funds, including separately managed accounts, to which Medley provides management services. Medley is generally entitled to an allocation of income as a performance fee after returning the invested capital plus a specified preferred return as set forth in each respective agreement. Medley recognizes revenues attributable to performance fees based upon the amount that would be due pursuant to the respective agreement at each period end as if the funds were terminated at that date. Accordingly, the amount recognized reflects Medley’s share of the gains and losses of the associated funds’ underlying investments measured at their current fair values. Performance fee revenue may include reversals of previously recognized performance fees due to a decrease in the net income of a particular fund that results in a decrease of cumulative performance fees earned to date. Since fund return hurdles are cumulative, previously recognized performance fees also may be reversed in a period of appreciation that is lower than the particular fund’s hurdle rate. For the year ended December 31, 2014, the Company reversed $4.4 million and $2.3 million of previously recognized performance fees on a standalone and consolidated basis, respectively. The Company did not reverse any previously recognized performance fees for the years ended December 31, 2013 and 2012. Cumulative performance fees recognized through December 31, 2014 were $20.4 million and $5.6 million on a standalone and consolidated basis, respectively.
	Performance fees received in prior periods may be required to be returned by Medley in future periods if the funds’ investment performance declines below certain levels. Each fund is considered separately in this regard and, for a given fund, performance fees can never be negative over the life of a fund. If upon a hypothetical liquidation of a fund’s investments at their then current fair values previously recognized and distributed performance fees would be required to be returned, a liability is established for the potential clawback obligation. As of December 31, 2014, the Company had not received any performance fee distributions, except for tax distributions related to the Company’s allocation of net income, which included an allocation of performance fees. Pursuant to the organizational documents of each respective fund, tax distributions are not subject to clawback. As such, no amounts have been accrued for clawback obligations in the accompanying consolidated financial statements.
	Other Revenues and Fees
	Medley provides administrative services to certain affiliated funds and is reimbursed for direct and allocated expenses incurred in providing such administrative services, as set forth in the respective agreement. These fees are recognized as revenue in the period administrative services are rendered.
	Included in other revenues and fees are reimbursements received by Medley from SIC under its investment advisory agreement. Expenses incurred by Medley under this agreement are recorded within general, administrative, and other expenses in the consolidated statements of operations. For additional information on these reimbursements, refer to Note 10.
Performance Fee Compensation
	Performance Fee Compensation
	Medley has issued profit interests in certain subsidiaries to selected employees. These profit-sharing arrangements are accounted for under ASC 710, Compensation — General, which requires compensation expense to be measured at fair value at the grant date and expensed over the vesting period, which is usually the period over which the service is provided. The fair value of the profit interests are re-measured at each balance sheet date and adjusted for changes in estimates of cash flows and vesting percentages. The impact of such changes is recorded in the consolidated statements of operations as an increase or decrease to performance fee compensation.
Stock-based Compensation
	Stock-based Compensation
	The Company accounts for stock-based compensation in accordance with ASC 718, Compensation – Stock Compensation. Under the fair value recognition provision of this guidance, share-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as expense over the requisite service period.
	Stock-based compensation expense recognized for the year ended December 31, 2014 is based on awards ultimately expected to vest and have been reduced for estimated forfeitures. ASC 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The effect of such change in estimated forfeitures is recognized through a cumulative catch-up adjustment that is included in the period of the change in estimate.
	The value of the portion of the award that is ultimately expected to vest on a straight-line basis over the requisite service period is included within compensation and benefits on the Company’s consolidated statements of operations.
Income Taxes	Income Taxes
	The Company accounts for income taxes using the asset and liability approach, which requires the recognition of tax benefits or expenses for temporary differences between the financial reporting and tax basis of assets and liabilities. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized. The Company also recognizes a tax benefit from uncertain tax positions only if it is “more likely than not” that the position is sustainable based on its technical merits. The Company’s policy is to recognize interest and penalties on uncertain tax positions and other tax matters as a component of income tax expense.
	Prior to the Company’s reorganization and IPO, no provision was made for U.S. federal income taxes in the accompanying consolidated financial statements since the Company was a group of pass-through entities for U.S. income tax purposes and its profits and losses are allocated to the partners who are individually responsible for reporting such amounts. A provision for income taxes was made for certain entities that were subject to New York City unincorporated business tax.
	Following the IPO, Medley LLC and its subsidiaries continue to operate as pass-through entities for U.S. income tax purposes. Accordingly, these entities in some cases continue to be subject to New York City unincorporated business taxes. Medley Management Inc. is subject to U.S. corporate federal, state and local income taxes which are reflected in the Company’s consolidated financial statements.
	The Company analyzes its tax filing positions in all of the U.S. federal, state and local tax jurisdictions where it is required to file income tax returns, as well as for all open tax years in these jurisdictions. If, based on this analysis, the Company determines that uncertainties in tax positions exist, a liability is established.
Secured Borrowings of Consolidated Funds	Secured Borrowings of Consolidated Funds
	The Consolidated Funds follow the guidance in ASC 860, Transfers and Servicing when accounting for loan participations and other partial loan sales. Such guidance provides accounting and reporting standards for transfers and servicing of financial assets and requires a participation or other partial loan sale to meet the definition of a “participating interest,” as defined in the guidance, in order for sale treatment to be allowed. Participations or other partial loan sales which do not meet the definition of a participating interest remain on the Company’s Consolidated Balance Sheets and the proceeds are recorded as a secured borrowing until the definition is met. Secured borrowings are carried at fair value to correspond with the related investments, which are carried at fair value.
	For these participations or partial loan sales which do not meet the definition of a participating interest, the interest income earned on the entire loan balance is recorded within interest and other income of Consolidated Funds and the interest income earned by the buyer in the partial loan sale is recorded as interest expense of Consolidated Funds expenses in the accompanying consolidated statements of operations. Changes in the fair value of secured borrowings of Consolidated Funds are included in net change in unrealized depreciation (appreciation) on secured borrowings in the consolidated statement of operations.
Leases	Leases
	Certain lease agreements contain escalating payments and rent holiday periods. The related rent expense is recorded on a straight-line basis over the length of the lease term. The difference between rent expense and rent paid is recorded as deferred rent. Leasehold improvements made by the lessee and funded by landlord allowances or other incentives are also recorded as deferred rent and are amortized as a reduction in rent expense over the term of the lease. Deferred rent is included as a component of accounts payable, accrued expenses and other liabilities on the consolidated balance sheets.
Recent Accounting Pronouncements	Revisions to Previously Issued Financial Statements
	The Company accounts for certain loan participations as secured borrowings that in previously issued financial statements had been accounted for as true sales, as defined in ASC 860, Transfers and Servicing.  These loan participation agreements did not contain any prohibited constraints on exchange or transfer and the assets were legally isolated from the transferor. Upon further analysis the Company determined that a provision in the asset management agreement between the transferee and a consolidated affiliate of the transferor had a standard provision which restricted transfer of the assets for a period of time. As a result of this constraint, the Company determined that in accordance with ASC 860-10-40-5 the transactions should be reported as secured borrowings. The Company has determined that the impact on its previously issued financial statements was not material.  As a result, prior periods were revised as follows: (i) both assets and liabilities of Consolidated Funds increased by $41.3 million as of December 31, 2013, (ii) interest and other income of Consolidated Funds increased by $2.6 million and $2.7 million for the years ended December 31, 2013 and 2012, respectively, with direct offsetting amounts to interest expense of Consolidated Funds, (iii) the recording of unrealized appreciation (depreciation) on investments of Consolidated Funds of $(0.3) and $0.8 million for the years ended December 31, 2013 and 2012, respectively, with direct offsetting amounts to unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds, and (iv) a change in net cash used in operating activities of $24.0 million and $(2.3) million for the years ended December 31, 2013 and 2012,  respectively, with offsetting changes in cash provided by financing activities.   These changes had no impact on consolidated and standalone equity or net income.
	Recent Accounting Pronouncements
	In June 2013, the Financial Accounting Standards Board (“FASB”) issued ASU 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. This guidance clarifies the characteristics of an investment company and provides guidance for assessing whether an entity is an investment company. Consistent with existing guidance for investment companies, all investments are to be measured at fair value including non-controlling ownership interests in other investment companies. There are no changes to the current requirements relating to the retention of specialized accounting in the consolidated financial statements of a non-investment company parent. The guidance is effective for interim and annual periods beginning after December 15, 2013 and early application was prohibited. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The amendments are effective for interim and annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact, if any, that this ASU will have on its consolidated financial statements.
	In February 2015, the FASB issued ASU 2015-02, Consolidation – Principal versus Agent Analysis. This guidance requires an entity to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments: (a) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (b) eliminate the presumption that a general partner should consolidate a limited partnership; (c) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; (d) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. This guidance is effective for interim and annual periods beginning after December 15, 2015 and early application is permitted. The Company is currently evaluating the impact, if any, that this ASU will have on its consolidated financial statements.

INVESTMENTS_Tables

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
Investments [Abstract]
Composition of Investments	The composition of investments is as follows:
			As of December 31,
			2014			2013
		(Amounts in thousands)
	Equity method investment, at fair value		$	9,901		$	10,173
	Investments of Consolidated Funds, at fair value			734,870			453,396
	Total Investments		$	744,771		$	463,569
Investments in Consolidated Funds	The following table presents a summary of the investments held by the Consolidated Funds and as a percentage of total investments of Consolidated Funds.
		Investments of Consolidated Funds
		Fair Value						Percentage
		December 31,						December 31,
			2014			2013		2014		2013
		(Amounts in thousands)
	Geographic Region/Investment Type/Industry Description:
	North America:
	Senior secured loans and notes:
	Automobile	$	39,577		$	-		5.4	%	0.0	%
	Banking		28,325			28,903		3.8	%	6.4	%
	Business Services		25,898			14,370		3.5	%	3.2	%
	Chemicals, Plastics and Rubber		21,196			-		2.9	%	0.0	%
	Consumer Goods		34,791			19,160		4.7	%	4.3	%
	Container and Packaging		25,657			7,000		3.5	%	1.6	%
	Financial Services		85,157			24,708		11.6	%	5.5	%
	Healthcare, Wellness and Education		44,991			18,575		6.1	%	4.1	%
	Insurance		8,116			6,456		1.1	%	1.4	%
	Manufacturing		53,477			1,853		7.3	%	0.4	%
	Media and Entertainment Services		20,404			33,815		2.8	%	7.5	%
	Medical Transcription Services		36,930			14,235		5	%	3.2	%
	Oil and Gas/Energy		32,736			35,915		4.5	%	8.0	%
	Personal and Nondurable Consumer Products		39,488			52,040		5.4	%	11.6	%
	Personal Services		20,886			18,666		2.8	%	4.1	%
	Real Estate		119,601			50,157		16.3	%	11.1	%
	Retail and Commercial Kitchen Appliances		24,886			25,000		3.4	%	5.6	%
	Structured Finance Securities		-			49,326		0.0	%	11.0	%
	Vehicle Service Contracts		-			17,110		0.0	%	3.7	%
	Other		539			799		0.1	%	0.2	%
	Total Senior Secured Loans and Notes, North America (cost of $711,398 and $435,661, respectively)	$	662,655		$	418,088		90.2	%	92.9	%
	South America:
	Senior secured loans and notes:
	Energy	$	424		$	2,922		0.1	%	0.7	%
	Financial Services		1,029			2,314		0.1	%	0.5	%
	Total Senior Secured Loans and Notes, South America (cost of $13,049 and $12,810, respectively)	$	1,453		$	5,236		0.2	%	1.2	%
	Asia:
	Real Estate (cost of $1,373)	$	1,377		$	1,376		0.2	%	0.2	%
		Investments of Consolidated Funds
		Fair Value						Percentage
		December 31,						December 31,
			2014			2013		2014		2013
		(Amounts in thousands)
	Geographic Region/Investment Type/Industry Description:
	North America:
	Equity interests in limited liability companies:
	Banking	$	5,623		$	3,646		0.8	%	0.8	%
	Healthcare Education		63			-		0.0	%	0.0	%
	Oil and Gas		2,596			565		0.4	%	0.1	%
	Packaging/Manufacturing		320			2,896		0.0	%	0.7	%
	Real Estate		40,012			10,549		5.4	%	1.6	%
	Telecommunications		170			968		0.0	%	0.2	%
	Total Equity Interest in Limited Liability Companies (cost of $40,944 and $16,912, respectively)	$	48,784		$	18,624		6.6	%	3.4	%
	Common Stock (cost of $8,913 and $8,913, respectively)	$	964		$	2,073		0.1	%	0.5	%
	Preferred Stock (cost of $10,187 and $10,567, respectively)	$	545		$	362		0.1	%	0.1	%
	Warrants:
	Container and Packaging		105			-		0.0	%	0.0	%
	Healthcare and Wellness		4,700			1,115		0.7	%	0.3	%
	Medical Transcription Services		437			15		0.1	%	0.0	%
	Oil and Gas		1,793			-		0.2	%	0.0	%
	Real Estate		113			540		0.0	%	0.1	%
	Retail and Commercial Kitchen Appliances		893			1,318		0.1	%	0.3	%
	Structured Finance Securities		10,363			2,639		1.4	%	0.6	%
	Vehicle Service Contracts		-			588		0.0	%	0.1	%
	Total Warrants (cost of $3,428 and $1,366, respectively)		18,404			6,215		2.5	%	1.4	%
Total Equity Securities (cost of $22,528 and $20,846, respectively)	$	19,913		$	8,650		2.7	%	2.0	%
Collectibles (cost of $1,385)	$	688		$	1,422		0.1	%	0.3	%
Total Investments of Consolidated Funds (cost of $790,677 and $488,987, respectively)	$	734,870		$	453,396		100.0	%	100.0	%

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Fair Value of Investments by Class	The following tables present the fair value measurements of investments, by major class according to the fair value hierarchy:
		As of December 31, 2014
		Level I		Level II		Level III			Total
		(Amounts in thousands)
	Assets
	Senior secured loans and notes	$	-	$	-	$	664,108		$	664,108
	Equity interests in LLCs		-		-		48,784			48,784
	Equity securities		62		29		19,822			19,913
	Investments in tangible assets		-		-		2,065			2,065
	Equity method investment		-		-		9,901			9,901
	Total assets	$	62	$	29	$	744,680		$	744,771
	Secured borrowings of Consolidated Funds	$	16	$	-	$	141,119		$	141,135
		As of December 31, 2013
		Level I		Level II		Level III			Total
		(Amounts in thousands)
	Assets
	Senior secured loans and notes	$	-	$	-	$	423,324		$	423,324
	Equity interests in LLCs		-		-		18,624			18,624
	Equity securities		140		95		8,415			8,650
	Investments in tangible assets		-		-		2,798			2,798
	Equity method investment		-		-		10,173			10,173
	Total assets	$	140	$	95	$	463,334		$	463,569
	Secured borrowings of Consolidated Funds	$	35	$	-	$	41,143		$	41,178
Reconciliation of Level III Investments	The following tables provide a reconciliation of the beginning and ending balances for the Consolidated Funds’ Level III investments and the Company’s investment in its equity method investee:
		As of December 31, 2014
		Financial Assets																Liabilities
		Investments of Consolidated Funds
		Senior Secured Loans and Notes		Equity Interests in LLCs		Equity Securities			Investment in Tangible Assets			Equity Method Investment			Total			Secured borrowings of Consolidated Funds
		(Amounts in thousands)
	Balance, beginning of year	$	423,324	$	18,624	$	8,415		$	2,798		$	10,173		$	463,334		$	41,143
	Amortization		1,949		-		-			-			-			1,949			-
	Paid in-kind interest income		5,531		53		-			-			-			5,584			-
	Purchases		423,954		24,753		2,499			-			-			451,206			-
	Sales and settlements		-155,129		-		-2,369			-			-			-157,498			-
	Realized and unrealized appreciation (depreciation), net		-35,521		5,354		11,277			-733			-272			-19,895			-
	Unrealized depreciation on secured borrowings of Consolidated Funds, net		-		-		-			-			-			-			-1,155
	Proceeds from secured borrowings, net		-		-		-			-			-			-			101,131
	Balance, end of year	$	664,108	$	48,784	$	19,822		$	2,065		$	9,901		$	744,680		$	141,119
	Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	$	-36,330	$	5,354	$	11,297		$	-734		$	-272		$	-20,685		$	-1,155
		As of December 31, 2013
		Financial Assets																				Liabilities
		Investments of Consolidated Funds
		Senior Secured Loans and Notes		Equity Interests in LLCs		Equity Securities			Investment in Tangible Assets					Equity Method Investment						Total			Secured borrowings of Consolidated Funds
		(Amounts in thousands)
	Balance, beginning of year	$	324,353	$	14,790	$	11,973		$	5,160				$		9,929				$	366,205		$	16,374
	Amortization		1,644		-		-			-						-					1,644			-
	Paid in-kind interest income		9,500		-		-			-						-					9,500			-
	Purchases		196,813		2,727		391			-						-					199,931			-
	Sales and settlements		-91,184		-105		-2,926			-800						-					-95,015			-
	Realized and unrealized appreciation (depreciation), net		-17,802		1,212		-1,023			-1,562						244					-18,931			-
	Unrealized appreciation on secured borrowings of Consolidated Funds, net		-		-		-			-						-					-			310
	Proceeds from secured borrowings, net		-		-		-			-						-					-			24,459
	Balance, end of year	$	423,324	$	18,624	$	8,415		$	2,798				$		10,173				$	463,334		$	41,143
	Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	$	-16,061	$	2,739	$	-972		$	-2,361				$		244				$	-16,411		$	310
Summary of Quantitative Inputs and Assumptions
							Range
	Assets				Fair Value as of December 31, 2014		Valuation Technique(s)		Unobservable input		Minimum			Maximum
		(Amounts in thousands)
	Senior Secured Loans and Notes	$	193		Negotiated Sales Proceeds	Expected Sales Proceeds		$	-			$	4,000,000			$	1,932,000
			4,009		Sales Comparison Approach	Price per Acre		$	8,000			$	41,000			$	24,500
						Price per room		$	43,200			$	71,429			$	57,315
						Price per unit		$	155,734			$	228,009			$	191,872
			403		Market Approach (Guideline Comparable)	LTM Revenue Multiple			0.60x				0.60x				0.45x
			346		Market Approach (Guideline Comparable)	LTM EBITDA Multiple			3.10x				3.62x				3.60x
			1,167		Market Approach (Guideline Comparable)	LTM EBITDA multiple			3.10x				5.50x				4.30x
						LTM Revenue multiple			0.50x				0.65x				0.58x
			1,989		Income Approach (DCF)	Discount rate			12.0%				35.0%				20.5%
			144		Liquidation Approach	Asset Coverage		$	144,531			$	144,531			$	144,531
			566,010		Income approach	Market yield			10.00%				15.21%				12.45%
			37,600		Recent Arms-length transaction	Recent Arms-length transaction			N/A				N/A				N/A
			21,005		Income approach	Discount Rate			14.00%				18.00%				16.45%
			15,859		Market Approach (Guideline Comparable)	EBITDA Multiple			5.50x				6.00x				5.75x
			5,095		Enterprise Valuation Analysis	EBITDA Multiple			6.00x				7.00x				7.00x
			8,910		Market Approach (Guideline Comparable)	Rev Multiple / EBITDA Multiple			0.43x / 4.09x				0.43x / 4.09x				0.43x / 4.09x
			1,378		Enterprise Valuation Analysis	EBITDA Multiple/Estimated Liquidation Proceeds			2.00x / $205.8M				2.00x / $205.8M				2.00x / $205.8M
	Equity Interests in LLCs		1,370		Market Approach	Unsolicited Offer Price		$	12,000,000			$	12,000,000			$	12,000,000
			5,623		Market Approach (Guideline Comparable)	Investment Portfolio Multiple			1.10x				1.10x				1.10x
			3,099		Market Approach (Guideline Comparable)	EBITDA Multiple			6.25x				8.50x				6.70x
			2,595		Market Approach (Guideline Comparable)	EBITDA Multiple / Volatility			3.75x / 50%				3.75x / 50%				3.75x / 50%
			581		Income Approach (DCF)	Market Yield			13.14%				13.14%				13.14%
			14,516		Income Approach (DCF)	Discount Rate			14.00%				18.00%				18.00%
			15,000		Income Approach (DCF)	Capitalization rate			8.70%				8.70%				8.70%
			6,000		Recent Arms-length transaction	Recent Arms-length transaction			N/A				N/A				N/A
	Equity Securities		7,936		Market Approach (Guideline Comparable)	EBITDA Multiple			4.00x				8.31x				5.20x
			10,364		Option Model	Tangible Book Value Multiple / Volatility			1.30x / 41.5%				1.30x / 41.5%				1.30x / 41.5%
			105		Option Model	Volatility			90.80%				90.80%				90.80%
			194		Market Approach (Guideline Comparable)	LTM EBITDARD multiple			10.40x				11.10x				10.75x
						NTM EBITDARD multiple			9.50x				10.80x				10.15x
			261		Market Approach (Guideline Comparable)	Revenue Multiple			0.30x				0.60x				0.45x
			417		Income Approach (DCF)	Discount rate			13.0%				18.0%				16.4%
			545		Market Approach (Guideline Comparable)	LTM EBITDA multiple			5.00x				5.50x				5.25x
						LTM Revenue multiple			0.50x				0.65x				0.58x
	Tangible Assets		688		Market Approach	Appraisal of assets		$	500,000			$	2,200,000			$	1,350,000
			1,377		Sales Comparison Approach	Price per SQM			1,146				1,274				1,210
	Equity Method Investment		9,901		Net Asset Value of Underlying Fund	N/A			N/A				N/A				N/A
		$	744,680
							Range
	Liability	Fair Value as of December 31, 2014			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
		(Amounts in thousands)
	Secured borrowings of Consolidated Funds	$	130,157		Income approach	Market yield			10.00%				15.21%				12.45%
			5,947		Market Approach (Guideline Comparable)	EBITDA Multiple			5.50x				6.00x				5.75x
			5,000		Income Approach (DCF)	Capitalization rate			8.70%				8.70%				8.70%
			15		Market Approach (Guideline Comparable)	EBITDA Multiple			4.00x				8.31x				5.20x
		$	141,119
							Range
	Assets	Fair Value as of December 31, 2013			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
		(Amounts in thousands)
	Senior Secured Loans	$	386		Sales Comparison Approach	Price per ton		$	0.25			$	1.00			$	0.63
			1,487		Market Approach	Price per acre		$	8,750			$	42,396			$	25,573
			2,169		Market Approach	Price per room		$	32,038			$	71,429			$	51,734
						Price per unit		$	152,507			$	417,016			$	284,762
						Discount-lack of
						marketability			25.0%				35.0%				30.0%
			7,362		Income Approach (DCF)	Discount rate			12.0%				17.4%				14.7%
			390,770		Income Approach (DCF)	Market yield			9.0%				20.2%				13.7%
			14,780		Market Approach (Guideline Comparable)	EBITDA multiple			6.0x				6.0x				6.0x
			1,871		Enterprise valuation analysis	Liquidation proceeds		$	205.8M			$	205.8M			$	205.8M
			34		Income Approach (DCF)	Market yield			14.2%				14.2%				14.2%
		335		Current Value	LTM Revenue multiple			1.50x				1.75x				1.63x
		412		Guideline Comparable	Forward EBITDA multiple			3.75x				3.75x				3.75x
		1,109		Guideline Comparable	LTM EBITDA multiple			5.25x				5.25x				5.25x
				Guideline Comparable	LTM Revenue multiple			0.6x				0.6x				0.6x
		1,000		Cost Approach	Expected proceeds		$	10,000,000			$	10,000,000			$	10,000,000
		1,609		Liquidation Approach	Asset coverage		$	16,095,312			$	16,095,312			$	16,095,312
Equity Interests in LLCs		2,313		Income Approach (DCF)	Discount rate			16.5%				16.5%				16.5%
				Income Approach (DCF)	Long term growth rate			1.5%				1.5%				1.5%
		3,646		Market Approach (Guideline Comparable)	Investment portfolio multiple			1.0x				1.0x				1.0x
		11,697		Cost approach	N/A			N/A				N/A				N/A
		968		Expected Precedent Transaction	N/A			N/A				N/A				N/A
Equity Securities		411		Income Approach (DCF)	Discount rate			12.0%				50.0%				15.9%
		154		Market Approach (Guideline Comparable)	LTM EBITDA multiple			11.5x				11.5x				11.5x
					LTM Revenue multiple			1.5x				1.5x				1.5x
		964		Market Approach (Current Value)	Revenue multiple			1.6x				1.6x				1.6x
				Market Approach (Current Value)	Price per ton		$	148			$	148			$	148
		720		Income Approach (DCF)	Discount rate			30.0%				30.0%				30.0%
		362		Guideline Comparable	LTM revenue multiple			5.3x				5.3x				5.3x
		3,150		Market Approach (Guideline Comparable)	EBITDA multiple			3.5x				7.5x				6.1x
		2,639		Option Model	Volatility			47.9%				47.9%				47.9%
		15		Cost Approach	N/A			N/A				N/A				N/A
Tangible Assets		1,421		Market Approach	Appraisal of assets		$	100,000			$	3,700,000			$	1,900,000
		1,377		Sales Comparison Approach	Price per square meter			6,716				6,716				6,716
Equity method investment		10,173		Net Asset Value of Underlying Fund	N/A			N/A				N/A				N/A
		463,334
a
						Range
Liability	Fair Value as of December 31, 2013			Valuation Technique(s)	Unobservable input		Minimum				Maximum				Weighted Average
	(Amounts in thousands)
Secured borrowings of Consolidated Funds	$	41,135		Income Approach (DCF)	Market yield			9.0%				20.2%				13.7%
		8		Income Approach (DCF)	Market yield			14.2%				14.2%				14.2%
	$	41,143

OTHER_ASSETS_Tables

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2014
Other Asset [Abstract]
Components of Other Assets	The components of other assets are as follows:
			As of December 31,
			2014		2013
	Other Assets of Medley LLC:	(Amounts in thousands)
	Property and equipment, net of accumulated depreciation of $1,232 and $1,351, respectively		$	1,367	$	1,247
	Security deposits			1,218		1,218
	Administrative fees receivable (Note 10)			1,500		1,640
	Deferred tax assets			874		634
	Deferred financing costs, net of accumulated amortization of $217 and $0, respectively			2,329		337
	Due from affiliates (Note 10)			382		224
	Prepaid expenses			627		-
	Other receivables			933		8
	Total other assets of Medley LLC			9,230		5,308
	Other Assets of Consolidated Funds
	Restricted cash			3,000		-
	Deferred tax assets			340		-
	Other receivables			341		436
	Total other assets of Consolidated Funds			3,681		436
	Total other assets		$	12,911	$	5,744

LOANS_PAYABLE_Tables

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2014
Loans Payable [Abstract]
Schedule of Debt	The Company’s loans payable consist of the following:
			As of December 31,
			2014		2013
		(Amounts in thousands)
	Credit Suisse Term Loan Facility:
	Term loans, net of unamortized discount of $1,006		$	93,994	$	-
	CNB credit agreement:
	Term loan			-		15,000
	Revolving credit facility			-		3,000
	Co-invest term loan			-		2,000
	Non-recourse promissory notes, net of unamortized discount of $2,500 and $3,010, respectively			9,063		7,990
	Total Loans payable		$	103,057	$	27,990
Schedule of Maturities of Long-term Debt	As of December 31, 2014, future principal payments due under the loans payable are as follows (in thousands):
	2015		$	1,250
	2016			312
	2017			2,875
	2018			5,500
	2019			96,626
			$	106,563

ACCOUNTS_PAYABLE_ACCRUED_EXPEN1

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2014
Accounts Payable, Accrued Expenses and Other Liabilities [Abstract]
Components of Accounts Payable, Accrued Expenses, and Other Liabilities	The components of accounts payable, accrued expenses and other liabilities are as follows:
		December 31,
		2014		2013
		(Amounts in thousands)
	Accounts payable, accrued expenses and other liabilities of Medley LLC:
	Accrued compensation and benefits	$	8,575	$	5,650
	Due to affiliates (Note 10)		6,998		3,676
	Revenue share payable (Note 9)		6,669		5,286
	Dividends payable		1,423		-
	Income taxes payable		741		-
	Professional fees		545		647
	Deferred rent		474		794
	Deferred tax liabilities		245		391
	Accounts payable and accrued expenses		1,913		1,169
	Total accounts payable, accrued expenses and other liabilities of Medley LLC		27,583		17,613
	Accounts payable, accrued expenses and other liabilities of Consolidated Funds		5,767		1,325
	Total accounts payable, accrued expenses and other liabilities	$	33,350	$	18,938

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
Commitments and Contingencies [Abstract]
Future Minimum Rental Payments
	Future minimum rental payments under non-cancelable leases are as follows (in thousands):
	2015	$	2,454
	2016		784
	2017		452
	2018		457
	2019		463
	Thereafter		469
	Total future minimum lease payments	$	5,079

EARNINGS_PER_CLASS_A_SHARE_Tab

EARNINGS PER CLASS A SHARE (Tables)	12 Months Ended
	Dec. 31, 2014
Earnings Per Class A Share [Abstract]
Basic and Diluted Income per Class A Share	The table below presents basic and diluted net income per Class A share using the two-class method for the year ended December 31, 2014:
		Year ended
		31-Dec-14
	Basic and diluted net income per share:	(Amounts in thousands, except per share amounts)
	Numerator
	Net income attributable to Medley Management Inc.	$	1,695
	Less: Dividends declared on Class A common stock (1)		-1,200
	Less: Dividends payable to participating securities (2)		-222
	Less: Undistributed net income available to participating securities (2)		-45
	Undistributed net income available to class A common stockholders	$	228
	Denominator
	Weighted average shares of Class A shares outstanding, including participating securities		7,177,432
	Less: weighted average of participating securities (2)		-1,177,432
	Weighted average Class A common stock outstanding: Basic		6,000,000
	Weighted average shares of Class A shares outstanding: Diluted		6,000,000
	Add: dilutive effects of conversion of LLC Units (3)		-
	Weighted average dilutive shares outstanding		6,000,000
	Net income per Class A share: Basic and Diluted
	Distributable earnings	$	0.20
	Undistributed income		0.04
	Net income per Class A share	$	0.24
	(1)The Company declared a $0.20 dividend on Class A common stock on November 10, 2014.
	(2)Participating securities relate to the Company’s grant of restricted stock units in connection with its IPO.
	(3)Excludes the assumed conversion of 23,333,333 LLC units to Class A shares as the impact would be antidilutive

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Income Taxes [Abstract]
Provision for Income Taxes	The provision for (benefit from) income taxes for the years ended December 31, 2014, 2013 and 2012 consists of the following:
		Year ended December 31,
		2014		2013		2012
		(Amounts in thousands)
	Current
	Federal	$	486	$	-	$	-
	State and local		2,768		1,735		1,138
	Total current provision		3,254		1,735		1,138
	Deferred
	Federal		2		-		-
	State and local		-728		-96		-51
	Total deferred provision		-726		-96		-51
	Provision for income taxes	$	2,528	$	1,639	$	1,087
Summary of Deferred Tax Assets and Liabilities	The significant components of deferred tax assets and liabilities included on the Company’s consolidated balance sheets are as follows:
		As of December 31,
		2014		2013
		(Amounts in thousands)
	Deferred tax assets
	Tax goodwill	$	648	$	-
	Unrealized losses		343		97
	Stock-based compensation		27		-
	Performance fee compensation		17		201
	Deferred rent		13		19
	Other liabilities		166		317
	Total deferred tax assets	$	1,214	$	634
	Deferred tax liabilities
	Accrued fee income	$	151	$	363
	Other		94		28
	Total deferred tax liabilities		245		391
	Net deferred tax assets	$	969	$	243
Reconciliation of Statutory to Effective Tax Rates	A reconciliation of the federal statutory tax rate to the effective tax rates for the years ended December 31, 2014, 2013 and 2012 are as follows:
		Year ended December 31,
		2014		2013		2012
	Federal statutory rate		34.0%		34.0%		34.0%
	Income allocated to non-controlling interests		-32.90%		-34.00%		-34.00%
	State and local corporate income taxes		0.2%		0.0%		0.0%
	Partnership unincorporated business tax		2.6%		4.3%		4.4%
	Permanent differences		-0.40%		0.0%		0.0%
	Effective tax rate		3.5%		4.3%		4.4%

COMPENSATION_EXPENSE_Tables

COMPENSATION EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2014
Compensation Expense [Abstract]
Schedule of Nonvested RSU Activity
		Number of RSUs		Weighted Average Grant Date Fair Value
	Balance at January 1, 2013		-	$	-
	Granted		1,203,515		17.91
	Forfeited		-5,600		18.00
	Vested		-		-
	Balance at December 31, 2014		1,197,915	$	17.91

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2014
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following presents the standalone financial results of the Company’s operating results for the years ended December 31, 2014, 2013 and 2012:
		For the Year Ended December 31,
		2014			2013			2012
		(Amounts in thousands)
	Revenues
	Management fees	$	65,765		$	46,424		$	33,690
	Performance fees		7,884			8,236			3,883
	Other revenues and fees		8,871			5,011			2,527
	Total revenues		82,520			59,671			40,100
	Expenses
	Compensation and benefits		20,322			13,712			11,477
	Performance fee compensation		-1,543			7,192			5,148
	General, administrative and other expenses		16,312			12,655			9,679
	Total expenses		35,091			33,559			26,304
	Other income (expense)
	Dividend income		886			886			245
	Interest expense		-5,520			-1,479			-831
	Other expenses, net		-2,097			-1,168			-905
	Total other expense, net		-6,731			-1,761			-1,491
	Income before income taxes	$	40,698		$	24,351		$	12,305
	Provision for income taxes		1,015			714			387
	Net income		39,683			23,637			11,918
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933			-			-
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC	$	37,750		$	23,637		$	11,918
	Reimbursable fund startup expenses (1)		5,599			3,825			1,423
	Severance expense (1)		-5			737			-
	IPO date award stock-based compensation (1)		822			-			-
	Adjustment for pre-IPO guaranteed payments to members (1)(2)		-3,284			-4,993			-2,913
	Core Net Income	$	40,882		$	23,206		$	10,428
	Interest expense		5,520			1,479			831
	Income taxes		1,154			701			343
	Depreciation and amortization		401			276			258
	Core EBITDA	$	47,957		$	25,662		$	11,860
	(1)    Presented net of income taxes.
	(2)Represents a pro forma adjustment to reflect guaranteed payments to Medley LLC members as compensation expense. Prior to the Company’s reorganization and IPO, these payments were recorded as distributions from member’s capital.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following tables reconcile the Company’s segment results to its consolidated results of operations:
		For the Year Ended December 31, 2014
		Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
		(Amounts in thousands)
	Revenues	$	82,520		$	-10,347	-1		$	72,173
	Expenses		35,091			1,670	-2			36,761
	Other income (expense), net		-6,731			43,247	-3			36,516
	Provision for income taxes		1,015			1,513	-4			2,528
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933			-				1,933
	Net income attributable to non-controlling interest in Consolidated Funds		-			29,717				29,717
	Net income attributable to non-controlling interests in Medley LLC		36,055			-				36,055
	Net income attributable to Medley Management Inc.		1,695			-				1,695
	Add: Net income attributable to non-controlling interests in Medley LLC		36,055			-				36,055
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		37,750			-				37,750
	Reimbursable fund startup expenses		5,599			-				5,599
	Severance expenses		-5			-				-5
	IPO date award stock-based compensation		822			-				822
	Adjustment for pre-IPO guaranteed payments to members		-3,284			-				-3,284
	Core Net Income	$	40,882		$	-			$	40,882
		For the Year Ended December 31, 2013
		Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
		(Amounts in thousands)
	Revenues	$	59,671		$	-15,802	-1		$	43,869
	Expenses		33,559			1,225	-2			34,784
	Other income (expense)		-1,761			30,850	-3			29,089
	Provision for income taxes		714			925	-4			1,639
	Net income attributable to non-controlling interest in Consolidated Funds		-			12,898				12,898
	Net income attributable to non-controlling interests in Medley LLC		23,637			-				23,637
	Net income attributed to Medley Management Inc.		-			-				-
	Add: Net income attributable to non-controlling interests in Medley LLC		23,637			-				23,637
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		23,637			-				23,637
	Reimbursable fund startup expenses		3,825			-				3,825
	Severance expenses		737			-				737
	Adjustment for pre-IPO guaranteed payments to members		-4,993			-				-4,993
	Core Net Income	$	23,206		$	-			$	23,206
		For the Year Ended December 31, 2012
		Standalone			Consolidation Adjustments and Reconciling Items				Consolidated Results
		(Amounts in thousands)
	Revenues	$	40,100		$	-11,858	-1		$	28,242
	Expenses		26,304			1,653	-2			27,957
	Other income (expense)		-1,491			25,772	-3			24,281
	Provision for income taxes		387			700	-4			1,087
	Net income attributable to non-controlling interest in Consolidated Funds		-			11,561				11,561
	Net income attributable to non-controlling interests in Medley LLC		11,918			-				11,918
	Net income attributed to Medley Management Inc.		-			-				-
	Add: Net income attributable to non-controlling interests in Medley LLC		11,918			-				11,918
	Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC		11,918			-				11,918
	Reimbursable fund startup expenses		1,423			-				1,423
	Severance expenses		-			-				-
	Adjustment for pre-IPO guaranteed payments to members		-2,913							-2,913
	Core Net Income	$	10,428		$	-			$	10,428
	(1)Adjustments and reconciling items to revenues represent management and performance fees earned from Consolidated Funds which were eliminated in consolidation. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
			2014			2013			2012
			(Amounts in thousands)
	Management fees from Consolidated Funds eliminated in consolidation		$	-4,513		$	-9,978		$	-8,365
	MOF II Performance fees eliminated in consolidation			-5,834			-5,824			-3,118
	Administrative fees from Consolidated Funds eliminated in consolidation			-			-			-375
	Total consolidated adjustments and reconciling items		$	-10,347		$	-15,802		$	-11,858
	(2)The adjustment and reconciling items to expenses represent expenses from Consolidated Funds which were eliminated in consolidation. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
			2014			2013			2012
			(Amounts in thousands)
	Consolidated Funds Expenses		$	1,670		$	1,225		$	1,653
	Total consolidated adjustments and reconciling items		$	1,670		$	1,225		$	1,653
	(3)The other income adjustment and reconciling items primarily represents net interest income and net investment income from Consolidated Funds. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Interest and other income of Consolidated Funds		$	71,468		$	52,550		$	39,001
Interest expense on secured borrowings of Consolidated Funds			-9,951			-2,638			-2,666
Net realized gain (loss) on investment of Consolidated Funds			789			-16,080			-1,600
Net change in unrealized depreciation on investments of Consolidated Funds			-20,557			-3,361			-10,103
Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds			1,174			-306			787
Elimination of equity income from Consolidated Funds			324			685			353
Total consolidated adjustments and reconciling items		$	43,247		$	30,850		$	25,772
(4)The provision for income taxes adjustment and reconciling items represents income taxes from Consolidated Funds. For the years ended December 31, 2014, 2013 and 2012, such adjustments and reconciling items were as follows:
		2014			2013			2012
		(Amounts in thousands)
Consolidated Funds provision for income taxes		$	1,513		$	925		$	700
Total consolidated adjustments and reconciling items		$	1,513		$	925		$	700

CONSOLIDATING_SCHEDULES_Tables

CONSOLIDATING SCHEDULES (Tables)	12 Months Ended
	Dec. 31, 2014
Organization and Basis of Presentation & Consolidating Schedules [Abstract]
Consolidated Income Statement		For the Year Ended December 31, 2014
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Revenues:
	Management fees	$	65,765	$	-	$	-4,513	$	61,252
	Performance fees		7,884		-		-5,834		2,050
	Other revenues and fees		8,871		-		-		8,871
	Total revenues		82,520		-		-10,347		72,173
	Expenses:
	Compensation and benefits		20,322		-		-		20,322
	Performance fee compensation		-1,543		-		-		-1,543
	Consolidated Funds expenses		-		6,183		-4,513		1,670
	General, administrative and other expenses		16,312		-		-		16,312
	Total operating expenses		35,091		6,183		-4,513		36,761
	Other income (expense):
	Dividend income		886		-		-		886
	Interest expense		-5,520		-		-		-5,520
	Other income (expenses), net		-2,097		-		324		-1,773
	Interest and other income of Consolidated Funds		-		71,468		-		71,468
	Interest expense of Consolidated Funds		-		-9,951		-		-9,951
	Net realized gain on investments of Consolidated Funds		-		789		-		789
	Net change in unrealized depreciation on investments of Consolidated Funds		-		-20,557		-		-20,557
	Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				1,174				1,174
	Total other income (expense), net		-6,731		42,923		324		36,516
	Income before income taxes		40,698		36,740		-5,510		71,928
	Provision for income taxes		1,015		1,513		-		2,528
	Net income		39,683		35,227		-5,510		69,400
	Net income attributable to non-controlling interests in Consolidated Funds		-		-		29,717		29,717
	Net income attributable to non-controlling interests in consolidated subsidiaries		1,933		-		-		1,933
	Net income attributable to non-controlling interests in Medley LLC		36,055		-		-		36,055
	Net income attributable to Medley Management Inc.	$	1,695	$	35,227	$	-35,227	$	1,695
		For the Year Ended December 31, 2013
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Revenues:
	Management fees	$	46,424	$	-	$	-9,978	$	36,446
	Performance fees		8,236		-		-5,824		2,412
	Other revenues and fees		5,011		-		-		5,011
	Total revenues		59,671		-		-15,802		43,869
	Expenses:
	Compensation and benefits		13,712		-		-		13,712
	Performance fee compensation		7,192		-		-		7,192
	Consolidated Funds expenses		-		11,203		-9,978		1,225
	General, administrative and other expenses		12,655		-		-		12,655
	Total operating expenses		33,559		11,203		-9,978		34,784
	Other income (expense):
	Dividend income		886		-		-		886
	Interest expense		-1,479		-		-		-1,479
	Other income (expenses), net		-1,168		-		685		-483
	Interest and other income of Consolidated Funds		-		52,550		-		52,550
	Interest expense of Consolidated Funds				-2,638				-2,638
	Net realized loss on investments of Consolidated Funds		-		-16,080		-		-16,080
	Net change in unrealized depreciation on investments of Consolidated Funds		-		-3,361		-		-3,361
	Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				-306				-306
	Total other income (expense)		-1,761		30,165		685		29,089
	Income before income taxes		24,351		18,962		-5,139		38,174
	Provision for income taxes		714		925		-		1,639
	Net income		23,637		18,037		-5,139		36,535
	Net income attributable to non-controlling interests in Consolidated Funds		-		-		12,898		12,898
	Net income attributable to Medley LLC	$	23,637	$	18,037	$	-18,037	$	23,637
		For the Year Ended December 31, 2012
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Revenues:
Management fees	$	33,690	$	-	$	-8,365	$	25,325
Performance fees		3,883		-		-3,118		765
Other revenues and fees		2,527		-		-375		2,152
Total revenues		40,100		-		-11,858		28,242
Expenses:
Compensation and benefits		11,477		-		-		11,477
Performance fee compensation		5,148		-		-		5,148
Consolidated Funds expenses		-		10,393		-8,740		1,653
General, administrative and other expenses		9,679		-		-		9,679
Total operating expenses		26,304		10,393		-8,740		27,957
Other income (expense):
Dividend income		245		-		-		245
Interest expense		-831		-		-		-831
Other income (expenses), net		-905		-		353		-552
Interest and other income of Consolidated Funds		-		39,001		-		39,001
Interest expense of Consolidated Funds				-2,666				-2,666
Net realized loss on investments of Consolidated Funds		-		-1,600		-		-1,600
Net change in unrealized depreciation on investments of Consolidated Funds		-		-10,103		-		-10,103
Net change in unrealized depreciation (appreciation) on secured borrowings of Consolidated Funds				787				787
Total other income (expense)		-1,491		25,419		353		24,281
Income before income taxes		12,305		15,026		-2,765		24,566
Provision for income taxes		387		700		-		1,087
Net income		11,918		14,326		-2,765		23,479
Net income attributable to non-controlling interests in Consolidated Funds		-		122		11,439		11,561
Net income attributable to Medley LLC	$	11,918	$	14,204	$	-14,204	$	11,918
Consolidated Balance Sheet
		As of December 31, 2014
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Assets
	Cash and cash equivalents	$	87,206	$	-	$	-	$	87,206
	Investment, at fair value		22,143		-		-12,242		9,901
	Management fees receivable		15,173		-		-		15,173
	Performance fees receivable		5,573		-		-		5,573
	Other assets		9,230		-		-		9,230
	Assets of Consolidated Funds:								-
	Cash and cash equivalents		-		38,111		-		38,111
	Investments, at fair value		-		734,870		-		734,870
	Interest and dividends receivable		-		6,654		-		6,654
	Other assets		-		5,057		-1,376		3,681
	Total assets	$	139,325	$	784,692	$	-13,618	$	910,399
	Liabilities and equity
	Loans payable	$	103,057	$	-	$	-	$	103,057
	Accounts payable, accrued expenses and other liabilities		28,959		-		-1,376		27,583
	Performance fee compensation payable		11,807		-		-		11,807
	Liabilities of Consolidated Funds:
	Accounts payable, accrued expenses and other liabilities		-		5,767		-		5,767
	Secured borrowings		-		141,135		-		141,135
	Total liabilities		143,823		146,902		-1,376		289,349
	Equity
	Class A Common Stock		60		-		-		60
	Class B Common Stock		-		-		-		-
	Capital deficit		-2,384		-		-		-2,384
	Retained earnings		272		-		-		272
	Total stockholders' deficit, Medley Management Inc.		-2,052		-		-		-2,052
	Non-controlling interests in Consolidated Funds		-		-		625,548		625,548
	Non-controlling interests in consolidated subsidiaries		1,526		-		-		1,526
	Non-controlling interests in Medley LLC		-3,972		-		-		-3,972
	Members' equity of consolidated funds		-		637,790		-637,790		-
	Total (deficit) equity		-4,498		637,790		-12,242		621,050
	Total liabilities and equity	$	139,325	$	784,692	$	-13,618	$	910,399
		As of December 31, 2013
		Standalone		Consolidated Funds		Eliminations		Consolidated
		(Amounts in thousands)
	Assets
	Cash and cash equivalents	$	5,395	$	-	$	-	$	5,395
	Investment, at fair value		21,443		-		-11,270		10,173
	Management fees receivable		8,921		-		-		8,921
	Performance fees receivable		3,339		-		-		3,339
	Other assets		4,216		-		1,092		5,308
	Assets of Consolidated Funds:
	Cash and cash equivalents		-		60,355		-		60,355
	Investments, at fair value		-		453,396		-		453,396
	Interest and dividends receivable		-		2,969		-		2,969
	Other assets		-		1,565		-1,129		436
	Total assets	$	43,314	$	518,285	$	-11,307	$	550,292
	Liabilities and equity
	Loans payable	$	27,990	$	-	$	-	$	27,990
	Accounts payable, accrued expenses and other liabilities		17,613		-		-		17,613
	Performance fee compensation payable		16,225		-		-		16,225
	Liabilities of Consolidated Funds:
	Accounts payable, accrued expenses and other liabilities		-		1,363		-38		1,325
	Secured borrowings		-		41,178		-		41,178
	Total liabilities		61,828		42,541		-38		104,331
	Equity
	Non-controlling interest in Consolidated Funds		-		-		464,475		464,475
	Non-controlling interest in consolidated subsidiaries		40		-		-		40
	Members' (deficit) equity		-18,554		475,744		-475,744		-18,554
	Total (deficit) equity		-18,514		475,744		-11,269		445,961
Total liabilities and equity	$	43,314	$	518,285	$	-11,307	$	550,292

QUARTERLY_FINANCIAL_DATA_Table

QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2014
Table Text Block [Abstract]
Schedule of Quarterly Financial Data	The following tables present the Company’s consolidated unaudited quarterly results of operations for 2014 and 2013.
		For the Three Months Ended
		(unaudited)
		December 31,		September 30,		June 30,		March 31,
		2014		2014		2014		2014
		(Amounts in thousands)
	Revenues	$	18,187	$	20,765	$	17,225	$	15,996
	Expenses		5,564		8,510		12,861		9,826
	Total other income, net		3,575		11,726		17,228		3,987
	Income before income taxes		16,198		23,981		21,592		10,157
	Net income		15,844		23,058		20,845		9,653
	Net income attributable to non-controlling interest in Consolidated Funds		6,815		9,933		9,057		3,912
	Net income attributable to non-controlling interests in consolidated subsidiaries		-239		612		1,607		-47
	Net income attributable to non-controlling interests in Medley LLC	$	7,951	$	12,135		10,181		5,788
	Net income attributable to Medley Management Inc.		1,317		378
	Net income per Class A common stock:
	Basic (Note 11)		0.19		0.05
	Diluted (Note 11)		0.19		0.05
	Weighted average shares - Basic and Diluted	6,000,000		6,000,000
		For the Three Months Ended
		(unaudited)
		December 31,		September 30,		June 30,		March 31,
		2013		2013		2013		2013
		(Amounts in thousands)
	Revenues	$	15,312	$	11,429	$	9,300	$	7,828
	Expenses		8,568		7,892		10,635		7,689
	Total other expense, net		11,100		10,424		1,918		5,647
	Income before income taxes		17,844		13,961		583		5,786
	Net income		17,343		13,499		232		5,461
	Net income attributable to non-controlling interest in Consolidated Funds		7,067		6,183		-1,635		1,283
	Net income attributable to non-controlling interests in Medley LLC	$	10,276	$	7,316	$	1,867	$	4,178

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 13, 2014	Dec. 31, 2014	Sep. 29, 2014
Organization And Basis Of Presentation [Line Items]
Proceeds from Initial Public Offering, net of underwriting discount		$100,440
Date of incorporation	13-Jun-14
Commencement of operations date	29-Sep-14
Medley LLC [Member]
Organization And Basis Of Presentation [Line Items]
Conversion of pre-IPO interests to LLC Units, shares		23,333,333
Basis of exchange of LLC Units for Class A shares		exchange their LLC Units for shares of Medley Management Inc.'s Class A common stock on a one-for-one basis
Common Class A [Member]
Organization And Basis Of Presentation [Line Items]
Proceeds from Initial Public Offering, net of underwriting discount			$100,400
Issuance of shares in Initial Public Offering (in shares)			6,000,000
Percentage of common stock owned by LLC personnel for voting rights entitlement, minimum		10.00%
Issuance of Class A shares, offering price per share			$18
Common Class B [Member]
Organization And Basis Of Presentation [Line Items]
Issuance of shares in Initial Public Offering (in shares)			100
Voting rights multiplier upon LLC ownership threshold		10x

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended			74 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]
Percent of voting power in Medley LLC	100.00%
Parent ownership percentage of LLC				48.20%	48.20%
Management fees		$61,252,000	$36,446,000	$25,325,000
Fair value of investments	744,771,000	744,771,000	463,569,000
Reversal of performance fee		2,300,000	0	0
Cumulative performance fees	5,600,000	5,600,000
Remaining maturity period, max		60 days
Secured borrowings	141,135,000	141,135,000	41,178,000
Interest and other income of Consolidated Funds		71,468,000	52,550,000	39,001,000
Net change in unrealized (depreciation) appreciation on investments of Consolidated Funds		-20,557,000	-3,361,000	-10,103,000
Adjustments for Change in Accounting Principle [Member]
Summary Of Significant Accounting Policies [Line Items]
Transfers Accounted for as Secured Borrowings, Assets, Carrying Amount			41,300,000
Secured borrowings			41,300,000
Interest and other income of Consolidated Funds			2,600,000	2,700,000
Net change in unrealized (depreciation) appreciation on investments of Consolidated Funds			-300,000	800,000
Net proceeds from secured borrowings			24,000,000	-2,300,000
Standalone [Member]
Summary Of Significant Accounting Policies [Line Items]
Management fees		65,765,000	46,424,000	33,690,000
Reversal of performance fee		4,400,000
Cumulative performance fees	20,400,000	20,400,000
Variable Interest Entity, Not Primary Beneficiary [Member]
Summary Of Significant Accounting Policies [Line Items]
Total assets of consolidated variable interest entity	0	0	0
Annual base management fee		0.75%	1.25%		2.00%
Management fees		1,100,000	3,700,000	7,700,000
Sierra Income Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Total assets of consolidated variable interest entity	18,000,000	18,000,000	11,900,000
Total liabilities of consolidated variable interest entity	19,600,000	19,600,000	16,100,000
Fair value of investments	$9,900,000	$9,900,000	$10,200,000
Medley LLC [Member]
Summary Of Significant Accounting Policies [Line Items]
Parent ownership percentage of LLC	20.50%	20.50%
Medley LLC [Member] | Non Management [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling interest ownership percentage of LLC	79.50%	79.50%
Maximum [Member] | Furniture, Fixtures and Computer Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life		7 years
Maximum [Member] | Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life		8 years
Minimum [Member] | Furniture, Fixtures and Computer Equipment [Member]
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life		3 years
Minimum [Member] | Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Property and equipment, useful life		3 years

INVESTMENTS_Narrative_Details

INVESTMENTS (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2012
Schedule of Investments [Line Items]
Ownership percentage				100.00%
Parent ownership percentage of LLC			48.20%
Unrealized gain (loss) on equity method investments	($272,000)	$244,000	$600,000
Unrealized gain (loss) excluding some equity method investments			400,000
Consolidated Funds [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	790,677,000	488,987,000
Equity Interests in LLCs [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	40,944,000	16,912,000
Equity Securities [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	22,528,000	20,846,000
Common Stock [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	8,913,000	8,913,000
Preferred Stock [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	10,187,000	10,567,000
Warrant [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	3,428,000	1,366,000
Collectibles [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	1,385,000	1,385,000
North America [Member] | Senior Secured Loans And Notes [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	711,398,000	435,661,000
Asia [Member] | Real Estate Funds [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	1,373,000	1,373,000
South America [Member] | Senior Secured Loans And Notes [Member]
Schedule of Investments [Line Items]
Investment owned, at cost	$13,049,000	$12,810,000

INVESTMENTS_Composition_of_Inv

INVESTMENTS (Composition of Investments) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments [Abstract]
Equity method investment, at fair value	$9,901	$10,173
Investments of Consolidated Funds, at fair value	734,870	453,396
Total Investments	$744,771	$463,569

INVESTMENTS_Investments_in_Con

INVESTMENTS (Investments in Consolidated Funds) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Consolidated Funds [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	$734,870	$453,396
Investment Owned, Percent of Net Assets	100.00%	100.00%
Investment Owned, Costs	790,677	488,987
Collectibles [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	688	1,422
Investment Owned, Percent of Net Assets	0.10%	0.30%
Investment Owned, Costs	1,385	1,385
Equity Interests in LLCs [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	48,784	18,624
Investment Owned, Percent of Net Assets	6.60%	3.40%
Investment Owned, Costs	40,944	16,912
Equity Interests in LLCs [Member] | Banking [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	5,623	3,646
Investment Owned, Percent of Net Assets	0.80%	0.80%
Equity Interests in LLCs [Member] | Healthcare, Wellness and Education [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	63
Investment Owned, Percent of Net Assets	0.00%	0.00%
Equity Interests in LLCs [Member] | Manufacturing [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	320	2,896
Investment Owned, Percent of Net Assets	0.00%	0.70%
Equity Interests in LLCs [Member] | Oil and Gas Energy [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	2,596	565
Investment Owned, Percent of Net Assets	0.40%	0.10%
Equity Interests in LLCs [Member] | Real Estate [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	40,012	10,549
Investment Owned, Percent of Net Assets	5.40%	1.60%
Equity Interests in LLCs [Member] | Telecommunications [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	170	968
Investment Owned, Percent of Net Assets	0.00%	0.20%
Equity Securities [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	19,913	8,650
Investment Owned, Percent of Net Assets	2.70%	2.00%
Investment Owned, Costs	22,528	20,846
Common Stock [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	964	2,073
Investment Owned, Percent of Net Assets	0.10%	0.50%
Investment Owned, Costs	8,913	8,913
Preferred Stock [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	545	362
Investment Owned, Percent of Net Assets	0.10%	0.10%
Investment Owned, Costs	10,187	10,567
Warrant [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	18,404	6,215
Investment Owned, Percent of Net Assets	2.50%	1.40%
Investment Owned, Costs	3,428	1,366
Warrant [Member] | Container and Packaging [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	105
Investment Owned, Percent of Net Assets	0.00%	0.00%
Warrant [Member] | Healthcare, Wellness and Education [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	4,700	1,115
Investment Owned, Percent of Net Assets	0.70%	0.30%
Warrant [Member] | Medical Transcription Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	437	15
Investment Owned, Percent of Net Assets	0.10%	0.00%
Warrant [Member] | Oil and Gas Energy [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	1,793
Investment Owned, Percent of Net Assets	0.20%	0.00%
Warrant [Member] | Real Estate [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	113	540
Investment Owned, Percent of Net Assets	0.00%	0.10%
Warrant [Member] | Retail and Commercial Kitchen Appliances [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	893	1,318
Investment Owned, Percent of Net Assets	0.10%	0.30%
Warrant [Member] | Structured Finance Securities [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	10,363	2,639
Investment Owned, Percent of Net Assets	1.40%	0.60%
Warrant [Member] | Vehicle Service Contracts [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value		588
Investment Owned, Percent of Net Assets	0.00%	0.10%
North America [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	662,655	418,088
Investment Owned, Percent of Net Assets	90.20%	92.90%
North America [Member] | Automobile [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	39,577
Investment Owned, Percent of Net Assets	5.40%	0.00%
North America [Member] | Banking [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	28,325	28,903
Investment Owned, Percent of Net Assets	3.80%	6.40%
North America [Member] | Business Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	25,898	14,370
Investment Owned, Percent of Net Assets	3.50%	3.20%
North America [Member] | Chemicals, Plastics and Rubber [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	21,196
Investment Owned, Percent of Net Assets	2.90%	0.00%
North America [Member] | Consumer Goods [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	34,791	19,160
Investment Owned, Percent of Net Assets	4.70%	4.30%
North America [Member] | Container and Packaging [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	25,657	7,000
Investment Owned, Percent of Net Assets	3.50%	1.60%
North America [Member] | Financial Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	85,157	24,708
Investment Owned, Percent of Net Assets	11.60%	5.50%
North America [Member] | Healthcare, Wellness and Education [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	44,991	18,575
Investment Owned, Percent of Net Assets	6.10%	4.10%
North America [Member] | Insurance [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	8,116	6,456
Investment Owned, Percent of Net Assets	1.10%	1.40%
North America [Member] | Manufacturing [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	53,477	1,853
Investment Owned, Percent of Net Assets	7.30%	0.40%
North America [Member] | Media and Entertainment Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	20,404	33,815
Investment Owned, Percent of Net Assets	2.80%	7.50%
North America [Member] | Medical Transcription Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	36,930	14,235
Investment Owned, Percent of Net Assets	5.00%	3.20%
North America [Member] | Oil and Gas Energy [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	32,736	35,915
Investment Owned, Percent of Net Assets	4.50%	8.00%
North America [Member] | Personal and Nondurable Consumer Products [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	39,488	52,040
Investment Owned, Percent of Net Assets	5.40%	11.60%
North America [Member] | Personal Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	20,886	18,666
Investment Owned, Percent of Net Assets	2.80%	4.10%
North America [Member] | Real Estate [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	119,601	50,157
Investment Owned, Percent of Net Assets	16.30%	11.10%
North America [Member] | Retail and Commercial Kitchen Appliances [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	24,886	25,000
Investment Owned, Percent of Net Assets	3.40%	5.60%
North America [Member] | Structured Finance Securities [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value		49,326
Investment Owned, Percent of Net Assets	0.00%	11.00%
North America [Member] | Vehicle Service Contracts [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value		17,110
Investment Owned, Percent of Net Assets	0.00%	3.70%
North America [Member] | Others [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	539	799
Investment Owned, Percent of Net Assets	0.10%	0.20%
North America [Member] | Senior Secured Loans And Notes [Member]
Schedule of Investments [Line Items]
Investment Owned, Costs	711,398	435,661
South America [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	1,453	5,236
Investment Owned, Percent of Net Assets	0.20%	1.20%
South America [Member] | Financial Services [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	1,029	2,314
Investment Owned, Percent of Net Assets	0.10%	0.50%
South America [Member] | Energy [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	424	2,922
Investment Owned, Percent of Net Assets	0.10%	0.70%
South America [Member] | Senior Secured Loans And Notes [Member]
Schedule of Investments [Line Items]
Investment Owned, Costs	13,049	12,810
Asia [Member] | Real Estate [Member]
Schedule of Investments [Line Items]
Investment Owned, at Fair Value	$1,377	$1,376
Investment Owned, Percent of Net Assets	0.20%	0.20%

FAIR_VALUE_MEASUREMENTS_Fair_V

FAIR VALUE MEASUREMENTS (Fair Value of Investments by Class) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	$744,771	$463,569
Secured borrowings of Consolidated Funds, at fair value	141,135	41,178
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	62	140
Secured borrowings of Consolidated Funds, at fair value	16	35
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	29	95
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	744,680	463,334
Secured borrowings of Consolidated Funds, at fair value	141,119	41,143
Equity Method Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	9,901	10,173
Equity Method Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	9,901	10,173
Senior Secured Loans And Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	664,108	423,324
Senior Secured Loans And Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	664,108	423,324
Equity Interest [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	48,784	18,624
Equity Interest [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	48,784	18,624
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	19,913	8,650
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	62	140
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	29	95
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	19,822	8,415
Investments In Tangible Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	2,065	2,798
Investments In Tangible Assets [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of investments	$2,065	$2,798

FAIR_VALUE_MEASUREMENTS_Reconc

FAIR VALUE MEASUREMENTS (Reconciliation of Level III Investments) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Equity Method Investments [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year		$9,929
Realized and unrealized appreciation (depreciation), net		244
Balance, end of period		10,173
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date		244
Consolidated Funds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	463,334	366,205
Amortization	1,949	1,644
Paid in-kind interest income	5,584	9,500
Purchases	451,206	199,931
Sales and settlements	-157,498	-95,015
Realized and unrealized appreciation (depreciation), net	-19,895	-18,931
Balance, end of period	744,680	463,334
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	-20,685	-16,411
Consolidated Funds [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year, Liabilities	41,143	16,374
Unrealized depreciation on secured borrowings of Consolidated Funds, net	-1,155	310
Proceeds from secured borrowings, net	101,131	24,459
Balance, end of year, Liabilities	141,119	41,143
Consolidated Funds [Member] | Equity Method Investments [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	10,173
Realized and unrealized appreciation (depreciation), net	-272
Balance, end of period	9,901
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	-272
Consolidated Funds [Member] | Senior Secured Loans And Notes [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	423,324	324,353
Amortization	1,949	1,644
Paid in-kind interest income	5,531	9,500
Purchases	423,954	196,813
Sales and settlements	-155,129	-91,184
Realized and unrealized appreciation (depreciation), net	-35,521	-17,802
Balance, end of period	664,108	423,324
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	-36,330	-16,061
Consolidated Funds [Member] | Equity Interest [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	18,624	14,790
Paid in-kind interest income	53
Purchases	24,753	2,727
Sales and settlements		-105
Realized and unrealized appreciation (depreciation), net	5,354	1,212
Balance, end of period	48,784	18,624
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	5,354	2,739
Consolidated Funds [Member] | Equity Securities [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	8,415	11,973
Purchases	2,499	391
Sales and settlements	-2,369	-2,926
Realized and unrealized appreciation (depreciation), net	11,277	-1,023
Balance, end of period	19,822	8,415
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	11,297	-972
Consolidated Funds [Member] | Investments In Tangible Assets [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Balance, beginning of year	2,798	5,160
Sales and settlements		-800
Realized and unrealized appreciation (depreciation), net	-733	-1,562
Balance, end of period	2,065	2,798
Changes in unrealized (gains) losses included in earnings related to financial assets still held at the reporting date	($734)	($2,361)

FAIR_VALUE_MEASUREMENTS_Summar

FAIR VALUE MEASUREMENTS (Summary of Quantitative Inputs and Assumptions) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	744,771,000	463,569,000
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	141,135,000	41,178,000
Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount		41,143,000
Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount		41,135,000
Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	141,135,000	41,178,000
Minimum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		9.00%
Maximum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		20.20%
Weighted Average [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		13.70%
Market Yield [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	130,157,000
Market Yield [Member] | Minimum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	10.00%
Market Yield [Member] | Maximum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	15.21%
Market Yield [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	12.45%
Market Yield, Other [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount		8,000
Market Yield, Other [Member] | Minimum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Market Yield, Other [Member] | Maximum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Market Yield, Other [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Capitalization Rate [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	5,000,000
Capitalization Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
Capitalization Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
Capitalization Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
EBITDA Multiple [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	5,947,000
EBITDA Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.5
EBITDA Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	6
EBITDA Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.75
EBITDA, other Multiple [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	15,000
EBITDA, other Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	4
EBITDA, other Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	8.31
EBITDA, other Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.2
Senior Secured Loans And Notes [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	664,108,000	423,324,000
Senior Secured Loans And Notes [Member] | Price per Ton [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		386,000
Senior Secured Loans And Notes [Member] | Price per Ton [Member] | Minimum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		0.25
Senior Secured Loans And Notes [Member] | Price per Ton [Member] | Maximum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		1
Senior Secured Loans And Notes [Member] | Price per Ton [Member] | Weighted Average [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		0.63
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	4,009,000
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		1,487,000
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Minimum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre	8,000
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre		8,750
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Maximum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre	41,000
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre		42,396
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Weighted Average [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre	24,500
Senior Secured Loans And Notes [Member] | Price per acre [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Acre		25,573
Senior Secured Loans And Notes [Member] | Price per room [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		2,169,000
Senior Secured Loans And Notes [Member] | Price per room [Member] | Minimum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room	43,200
Senior Secured Loans And Notes [Member] | Price per room [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room		32,038
Senior Secured Loans And Notes [Member] | Price per room [Member] | Maximum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room	71,429
Senior Secured Loans And Notes [Member] | Price per room [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room		71,429
Senior Secured Loans And Notes [Member] | Price per room [Member] | Weighted Average [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room	57,315
Senior Secured Loans And Notes [Member] | Price per room [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Room		51,734
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Minimum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit	155,734
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit		152,507
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Maximum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit	228,009
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit		417,016
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Weighted Average [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit	191,872
Senior Secured Loans And Notes [Member] | Price per unit [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Unit		284,762
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Negotiated Sales Proceeds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	193,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		1,000,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Minimum [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Expected Proceeds		10,000,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Maximum [Member] | Negotiated Sales Proceeds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Expected Proceeds	4,000,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Maximum [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Expected Proceeds		10,000,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Weighted Average [Member] | Negotiated Sales Proceeds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Expected Proceeds	1,932,000
Senior Secured Loans And Notes [Member] | Expected Sales Proceeds [Member] | Weighted Average [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs Expected Proceeds		10,000,000
Senior Secured Loans And Notes [Member] | Discount for Lack of Marketability [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Lack Of Marketability		25.00%
Senior Secured Loans And Notes [Member] | Discount for Lack of Marketability [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Lack Of Marketability		35.00%
Senior Secured Loans And Notes [Member] | Discount for Lack of Marketability [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Lack Of Marketability		30.00%
Senior Secured Loans And Notes [Member] | LTM Revenue Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	403,000	335,000
Senior Secured Loans And Notes [Member] | LTM Revenue Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.6	1.5
Fair Value Inputs, Revenue Multiple		0.6
Senior Secured Loans And Notes [Member] | LTM Revenue Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.6	1.75
Fair Value Inputs, Revenue Multiple		0.6
Senior Secured Loans And Notes [Member] | LTM Revenue Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.45	1.63
Fair Value Inputs, Revenue Multiple		0.6
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	346,000	1,109,000
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	3.1	5.25
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	3.62	5.25
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	3.6	5.25
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple, other [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,167,000
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple, other [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	3.1
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple, other [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	5.5
Senior Secured Loans And Notes [Member] | LTM EBITDA multiple, other [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	4.3
Senior Secured Loans And Notes [Member] | LTM EBITDA And Revenue Multiples [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.5
Senior Secured Loans And Notes [Member] | LTM EBITDA And Revenue Multiples [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.65
Senior Secured Loans And Notes [Member] | LTM EBITDA And Revenue Multiples [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.58
Senior Secured Loans And Notes [Member] | EBITDA And Revenue Multiples [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	4.09
Fair Value Inputs, Revenue Multiple	0.43
Senior Secured Loans And Notes [Member] | Forward EBITDA [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		412,000
Senior Secured Loans And Notes [Member] | Forward EBITDA [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Forward Earnings Before Interest Taxes Depreciation Amortization		3.75
Senior Secured Loans And Notes [Member] | Forward EBITDA [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Forward Earnings Before Interest Taxes Depreciation Amortization		3.75
Senior Secured Loans And Notes [Member] | Forward EBITDA [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Forward Earnings Before Interest Taxes Depreciation Amortization		3.75
Senior Secured Loans And Notes [Member] | Discount Rate [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,989,000	7,362,000
Senior Secured Loans And Notes [Member] | Discount Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	12.00%	12.00%
Senior Secured Loans And Notes [Member] | Discount Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	35.00%	17.40%
Senior Secured Loans And Notes [Member] | Discount Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	20.50%	14.70%
Senior Secured Loans And Notes [Member] | Discount Rate, Other [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	21,005,000
Senior Secured Loans And Notes [Member] | Discount Rate, Other [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	14.00%
Senior Secured Loans And Notes [Member] | Discount Rate, Other [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	18.00%
Senior Secured Loans And Notes [Member] | Discount Rate, Other [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	16.45%
Senior Secured Loans And Notes [Member] | Asset Coverage [Member] | Liquidation Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	144,000	1,609,000
Senior Secured Loans And Notes [Member] | Asset Coverage [Member] | Minimum [Member] | Liquidation Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Asset coverage	144,531	16,095,312
Senior Secured Loans And Notes [Member] | Asset Coverage [Member] | Maximum [Member] | Liquidation Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Asset coverage	144,531	16,095,312
Senior Secured Loans And Notes [Member] | Asset Coverage [Member] | Weighted Average [Member] | Liquidation Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Asset coverage	144,531	16,095,312
Senior Secured Loans And Notes [Member] | Market Yield [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	566,010,000	390,770,000
Senior Secured Loans And Notes [Member] | Market Yield [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	10.00%	9.00%
Senior Secured Loans And Notes [Member] | Market Yield [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	15.21%	20.20%
Senior Secured Loans And Notes [Member] | Market Yield [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	12.45%	13.70%
Senior Secured Loans And Notes [Member] | Market Yield, Other [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		34,000
Senior Secured Loans And Notes [Member] | Market Yield, Other [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Senior Secured Loans And Notes [Member] | Market Yield, Other [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Senior Secured Loans And Notes [Member] | Market Yield, Other [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate		14.20%
Senior Secured Loans And Notes [Member] | Liquidation Proceeds [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		1,871,000
Senior Secured Loans And Notes [Member] | Liquidation Proceeds [Member] | Minimum [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Liquidation Proceeds		205,800,000
Senior Secured Loans And Notes [Member] | Liquidation Proceeds [Member] | Maximum [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Liquidation Proceeds		205,800,000
Senior Secured Loans And Notes [Member] | Liquidation Proceeds [Member] | Weighted Average [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Liquidation Proceeds		205,800,000
Senior Secured Loans And Notes [Member] | Recent Arms-length Transaction Input [Member] | Recent Arms-length Transaction [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	37,600,000
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	15,859,000	14,780,000
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	5,095,000
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.5	6
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Minimum [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	6
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	6	6
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Maximum [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	7
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.75	6
Senior Secured Loans And Notes [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	7
Senior Secured Loans And Notes [Member] | EBITDA Multiple/Estimated Liquidation Proceeds [Member] | Enterprise Valuation Analysis [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,378,000
Fair Value Inputs, EBITDA Multiple	2
Fair Value Input Liquidation Proceeds	205,800,000
Senior Secured Loans And Notes [Member] | Rev Multiple/ EBITDA Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	8,910,000
Equity Interests in LLCs [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		11,697,000
Equity Interests in LLCs [Member] | Expected Precedent Transaction [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		968,000
Equity Interests in LLCs [Member] | Discount Rate [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	14,516,000	2,313,000
Equity Interests in LLCs [Member] | Discount Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	14.00%	16.50%
Equity Interests in LLCs [Member] | Discount Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	18.00%	16.50%
Equity Interests in LLCs [Member] | Discount Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	18.00%	16.50%
Equity Interests in LLCs [Member] | Market Yield [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	581,000
Equity Interests in LLCs [Member] | Market Yield [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	13.14%
Equity Interests in LLCs [Member] | Market Yield [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	13.14%
Equity Interests in LLCs [Member] | Market Yield [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Market yield Rate	13.14%
Equity Interests in LLCs [Member] | Recent Arms-length Transaction Input [Member] | Recent Arms-length Transaction [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	6,000,000
Equity Interests in LLCs [Member] | Capitalization Rate [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	15,000,000
Equity Interests in LLCs [Member] | Capitalization Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
Equity Interests in LLCs [Member] | Capitalization Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
Equity Interests in LLCs [Member] | Capitalization Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Capitalization Rate	8.70%
Equity Interests in LLCs [Member] | EBITDA Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	3,099,000
Equity Interests in LLCs [Member] | EBITDA Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	6.25
Equity Interests in LLCs [Member] | EBITDA Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	8.5
Equity Interests in LLCs [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	6.7
Equity Interests in LLCs [Member] | EBITDA Multiple / Volatility [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	2,595,000
Fair Value Inputs, EBITDA Multiple	3.75
Fair Value Assumptions, Expected Volatility Rate	50.00%
Equity Interests in LLCs [Member] | Investment Portfolio Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	5,623,000	3,646,000
Equity Interests in LLCs [Member] | Investment Portfolio Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Investment Portfolio Multiple	1.1	1
Equity Interests in LLCs [Member] | Investment Portfolio Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Investment Portfolio Multiple	1.1	1
Equity Interests in LLCs [Member] | Investment Portfolio Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Investment Portfolio Multiple	1.1	1
Equity Interests in LLCs [Member] | Unsolicited Offer Price [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,370,000
Equity Interests in LLCs [Member] | Unsolicited Offer Price [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Unsolicited Offer Price	12,000,000
Equity Interests in LLCs [Member] | Unsolicited Offer Price [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Unsolicited Offer Price	12,000,000
Equity Interests in LLCs [Member] | Unsolicited Offer Price [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Unsolicited Offer Price	12,000,000
Equity Interests in LLCs [Member] | Long Term Growth Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate		1.50%
Equity Interests in LLCs [Member] | Long Term Growth Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate		1.50%
Equity Interests in LLCs [Member] | Long Term Growth Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate		1.50%
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	19,913,000	8,650,000
Equity Securities [Member] | Cost Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		15,000
Equity Securities [Member] | Price per Ton [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		148
Equity Securities [Member] | Price per Ton [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		148
Equity Securities [Member] | Price per Ton [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per ton		148
Equity Securities [Member] | LTM Revenue Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.5	1.5
Equity Securities [Member] | LTM Revenue Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.65	1.5
Equity Securities [Member] | LTM Revenue Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple	0.58	1.5
Equity Securities [Member] | LTM Revenue Multiple, other [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		362,000
Equity Securities [Member] | LTM Revenue Multiple, other [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple		5.3
Equity Securities [Member] | LTM Revenue Multiple, other [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple		5.3
Equity Securities [Member] | LTM Revenue Multiple, other [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Revenue Multiple		5.3
Equity Securities [Member] | LTM EBITDA multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	545,000	154,000
Equity Securities [Member] | LTM EBITDA multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	5	11.5
Equity Securities [Member] | LTM EBITDA multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	5.5	11.5
Equity Securities [Member] | LTM EBITDA multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	5.25	11.5
Equity Securities [Member] | Discount Rate [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	417,000	411,000
Equity Securities [Member] | Discount Rate [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	13.00%	12.00%
Equity Securities [Member] | Discount Rate [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	18.00%	50.00%
Equity Securities [Member] | Discount Rate [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate	16.40%	15.90%
Equity Securities [Member] | Discount Rate, Other [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure		720,000
Equity Securities [Member] | Discount Rate, Other [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate		30.00%
Equity Securities [Member] | Discount Rate, Other [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate		30.00%
Equity Securities [Member] | Discount Rate, Other [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Discount Rate		30.00%
Equity Securities [Member] | EBITDA Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	7,936,000	3,150,000
Equity Securities [Member] | EBITDA Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	4	3.5
Equity Securities [Member] | EBITDA Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	8.31	7.5
Equity Securities [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, EBITDA Multiple	5.2	6.1
Equity Securities [Member] | LTM EBITDARD multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	194,000
Equity Securities [Member] | LTM EBITDARD multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	10.4
Equity Securities [Member] | LTM EBITDARD multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	11.1
Equity Securities [Member] | LTM EBITDARD multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Last Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	10.75
Equity Securities [Member] | NTM EBITDARD Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Next Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	9.5
Equity Securities [Member] | NTM EBITDARD Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Next Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	10.8
Equity Securities [Member] | NTM EBITDARD Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Next Twelve Months Earnings before Interest, Taxes, Depreciation, Amortization, Rent And Donation Multiple	10.15
Equity Securities [Member] | Volatility [Member] | Option Model [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	105,000	2,639,000
Equity Securities [Member] | Volatility [Member] | Minimum [Member] | Option Model [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate	90.80%	47.90%
Equity Securities [Member] | Volatility [Member] | Maximum [Member] | Option Model [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate	90.80%	47.90%
Equity Securities [Member] | Volatility [Member] | Weighted Average [Member] | Option Model [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Assumptions, Expected Volatility Rate	90.80%	47.90%
Equity Securities [Member] | Tangible Book Value Multiple / Volatility [Member] | Option Model [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	10,364,000
Fair Value Inputs, Tangible Book Value Multiple	1.3
Fair Value Assumptions, Expected Volatility Rate	41.50%
Equity Securities [Member] | Revenue Multiple [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	261,000	964,000
Equity Securities [Member] | Revenue Multiple [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Current Fiscal Year Revenue Multiple	0.3
Fair Value Inputs, Revenue Multiple		1.6
Equity Securities [Member] | Revenue Multiple [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Current Fiscal Year Revenue Multiple	0.6
Fair Value Inputs, Revenue Multiple		1.6
Equity Securities [Member] | Revenue Multiple [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Current Fiscal Year Revenue Multiple	0.45
Fair Value Inputs, Revenue Multiple		1.6
Investments In Tangible Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	2,065,000	2,798,000
Investments In Tangible Assets [Member] | Price per square meter [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,377,000	1,377,000
Investments In Tangible Assets [Member] | Price per square meter [Member] | Minimum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Square Meter	1,146	6,716
Investments In Tangible Assets [Member] | Price per square meter [Member] | Maximum [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Square Meter	1,274	6,716
Investments In Tangible Assets [Member] | Price per square meter [Member] | Weighted Average [Member] | Sales Comparison Approach [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Price Per Square Meter	1,210	6,716
Investments In Tangible Assets [Member] | Appraisal of Assets [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	688,000	1,421,000
Investments In Tangible Assets [Member] | Appraisal of Assets [Member] | Minimum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Appraisal of assets	500,000	100,000
Investments In Tangible Assets [Member] | Appraisal of Assets [Member] | Maximum [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Appraisal of assets	2,200,000	3,700,000
Investments In Tangible Assets [Member] | Appraisal of Assets [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Appraisal of assets	1,350,000	1,900,000
Equity Method Investments [Member] | Net Asset Value of Underlying Fund [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	9,901,000	10,173,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	744,680,000	463,334,000
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	141,119,000	41,143,000
Fair Value, Inputs, Level 3 [Member] | Secured Borrowings of Consolidated Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	141,119,000
Fair Value, Inputs, Level 3 [Member] | Senior Secured Loans And Notes [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	664,108,000	423,324,000
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	19,822,000	8,415,000
Fair Value, Inputs, Level 3 [Member] | Investments In Tangible Assets [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	2,065,000	2,798,000

OTHER_ASSETS_Narrative_Details

OTHER ASSETS (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other Asset [Abstract]
Depreciation and amortization	$401	$276	$270
Property, plant, and equipment, accumulated depreciation	1,232	1,351
Deferred finance costs, accumulated amortization	$217	$0

OTHER_ASSETS_Components_of_Oth

OTHER ASSETS (Components of Other Assets) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Other Assets of Medley:
Deferred tax assets	$1,214,000	$634,000
Total other assets	9,230,000	5,308,000
Consolidated Funds [Member]
Other Assets of Medley:
Deferred tax assets	340,000
Restricted cash	3,000,000
Other receivables	341,000	436,000
Total other assets	3,681,000	436,000
Medley And Consolidated Funds [Member]
Other Assets of Medley:
Total other assets	12,911,000	5,744,000
Medley LLC [Member]
Other Assets of Medley:
Property and equipment, net of accumulated depreciation of $1,232 and $1,351, respectively	1,367,000	1,247,000
Security deposits	1,218,000	1,218,000
Administrative fees receivable	1,500,000	1,640,000
Deferred tax assets	874,000	634,000
Deferred financing costs, net	2,329,000	337,000
Due from affiliates	382,000	224,000
Prepaid expenses	627,000
Other assets	933,000	8,000
Total other assets	$9,230,000	$5,308,000

LOANS_PAYABLE_Narrative_Detail

LOANS PAYABLE (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended			0 Months Ended	1 Months Ended
	Dec. 31, 2014	Sep. 28, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Aug. 14, 2014	Oct. 31, 2014	Apr. 30, 2012	Mar. 31, 2014
Debt Instrument [Line Items]
Proceeds from issuance of long-term debt			$123,900,000	$21,000,000	$10,000,000
Repayments of long-term debt			51,937,000		3,000,000
Partners capital account, distributions	2,170,000	143,309,000		164,892,000	83,209,000
Long-term Debt	103,057,000		103,057,000	27,990,000
London Interbank Offered Rate L I B O R [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount						15,000,000
Line of credit facility, initiation date			14-Aug-14
Debt Instrument, Interest Rate Terms			Borrowings under the Revolving Credit Facility bear interest at the option of the Company, either (a) at an Alternate Base Rate, as defined, plus an applicable margin not to exceed 3.25% or (b) at an Adjusted LIBOR plus an applicable margin not to exceed 4.0%
CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Repayments of long-term debt			33,200,000
Line of credit facility, maximum borrowing capacity									30,000,000
CNB Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				3,000,000
Long-term Debt				3,000,000
Credit Suisse Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt instrument, issuance date			14-Aug-14
Debt instrument, face amount	110,000,000		110,000,000
Debt instrument, maturity date			15-Jun-19
Proceeds from issuance of long-term debt						108,900,000
Debt instrument, unamortized discount (premium), net	1,006,000		1,006,000			1,100,000
Repayments of long-term debt							15,000,000
Debt instrument, fee amount	2,600,000		2,600,000
Deferred finance costs, net	2,400,000		2,400,000
Partners capital account, distributions			74,500,000
Debt instrument, interest rate during period			6.50%
Debt instrument, frequency of periodic payment			quarterly installments
Debt instrument, periodic payment, principal			1,400,000
Debt instrument benchmark, aggregate, maximum	33,000,000		33,000,000
Interest expense, debt			2,600,000
Debt Instrument, Interest Rate Terms			Borrowings under the Term Loan Facility bear interest, at the borrower's option, at a rate equal to either a Eurodollar margin over an adjusted LIBOR (with a "floor" of 1.0%) or a base rate margin over an adjusted base rate determined by reference to the highest of (a) the term loan administrative agent's prime rate; (b) the federal funds effective rate in effect on such day plus 0.5%; and (c) an adjusted LIBOR plus 1.0%. The applicable margins for the Term Loan Facility are 5.5%, in the case of Eurodollar loans and 4.5%, in the case of adjusted base rate loans
Debt Instrument, Covenant Description			The Term Loan Facility also contains a financial covenant that requires the Company to maintain a Maximum Net Leverage Ratio commencing with the quarter ending on December 31, 2014 of not greater than 3.5 to 1.0
Debt Instrument Additional Borrowing Covenant Description			subject to additional increases, provided that the net leverage ratio as of the last day of any four-fiscal quarter period, commencing with the four-fiscal quarter period ending December 31, 2014, shall not exceed 2.0 to 1.0
Long-term Debt	93,994,000		93,994,000
Credit Suisse Term Loan Facility [Member] | Federal Funds Effective Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			0.50%
Credit Suisse Term Loan Facility [Member] | Eurodollar [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			5.50%
Credit Suisse Term Loan Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			4.50%
Credit Suisse Term Loan Facility [Member] | Term Loan Credit Facility [Member]
Debt Instrument [Line Items]
Ratio of indebtedness to net capital	2		2
Debt Instrument, Additional Borrowings Capacity	15,000,000		15,000,000
Term Loan [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				15,000,000
Long-term Debt				15,000,000
Co-Invest Term Loan [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				2,000,000
Long-term Debt				2,000,000
Non-recourse Promissory Notes [Member]
Debt Instrument [Line Items]
Debt instrument, issuance date				31-Dec-13
Debt instrument, face amount	2,500,000		2,500,000	1,000,000				10,000,000
Debt instrument, maturity date			31-Dec-14
Unamortized Debt Issuance Expense								3,800,000
Debt instrument, interest rate, effective percentage	0.25%		0.25%
Interest expense, debt			1,400,000	1,400,000	800,000
Sale of stock, number of shares issued in transaction								1,108,033
Notes payable, fair value disclosure	10,300,000		10,300,000	10,200,000
Debt Instrument, Collateral			Proceeds from the borrowings were used to purchase 1,108,033 shares of common stock of SIC, which were pledged as collateral for the obligations.
Non-recourse Promissory Notes [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, unamortized discount (premium), net	2,500,000		2,500,000	3,010,000
Long-term Debt	9,063,000		9,063,000	7,990,000
Nonrecourse Promissory Note Zero Interest [Member]
Debt Instrument [Line Items]
Debt instrument, issuance date			31-Mar-14
Debt instrument, face amount	2,500,000		2,500,000
Debt instrument, maturity date			31-Mar-16
Debt instrument, interest rate, effective percentage	0.00%		0.00%
Debt instrument, periodic payment, principal			312,500
Long-term Debt	$1,600,000		$1,600,000
Non Recourse Promissory Notes Due March 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			31-Mar-19
Maximum [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate L I B O R [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			4.00%
Maximum [Member] | Revolving Credit Facility [Member] | Alternate Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			3.25%
Maximum [Member] | Credit Suisse Term Loan Facility [Member]
Debt Instrument [Line Items]
Ratio of indebtedness to net capital	3.5		3.5
Minimum [Member] | Credit Suisse Term Loan Facility [Member] | London Interbank Offered Rate L I B O R [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			1.00%

LOANS_PAYABLE_Schedule_of_Debt

LOANS PAYABLE (Schedule of Debt) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Aug. 14, 2014
In Thousands, unless otherwise specified
Debt Instrument [Line Items]
Long-term Debt	$103,057	$27,990
Revolving Credit Facility [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt		3,000
Term Loan [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt		15,000
Co-Invest Term Loan [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt		2,000
Credit Suisse Term Loan Facility [Member]
Debt Instrument [Line Items]
Long-term Debt	93,994
Debt instrument, unamortized discount (premium), net	1,006		1,100
Non-recourse Promissory Notes [Member] | CNB Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt	9,063	7,990
Debt instrument, unamortized discount (premium), net	$2,500	$3,010

LOANS_PAYABLE_Schedule_of_Matu

LOANS PAYABLE (Schedule of Maturities of Long-term Debt) (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Loans Payable [Abstract]
2015	$1,250
2016	312
2017	2,875
2018	5,500
2019	96,626
Long-term debt, gross	$106,563

ACCOUNTS_PAYABLE_ACCRUED_EXPEN2

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Narrative) (Details) (USD $)	Dec. 31, 2014
In Thousands, except Per Share data, unless otherwise specified
Accounts payable, accrued expenses and other liabilities of Medley:
Dividends payable	$1,423
Dividends payable, amount per share	$0.20
Common Class A [Member]
Accounts payable, accrued expenses and other liabilities of Medley:
Dividends payable	1,200
Restricted Stock Units (RSUs) [Member]
Accounts payable, accrued expenses and other liabilities of Medley:
Dividends payable	$200

ACCOUNTS_PAYABLE_ACCRUED_EXPEN3

ACCOUNTS PAYABLE, ACCRUED EXPENSES AND OTHER LIABILITIES (Components of Accounts Payable, Accrued Expenses, and Other Liabilities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts payable, accrued expenses and other liabilities of Medley:
Accrued compensation and benefits	$8,575	$5,650
Due to affiliates (Note 9)	6,998	3,676
Revenue share payable (Note 8)	6,669	5,286
Dividends payable	1,423
Income taxes payable	741
Professional fees	545	647
Deferred rent	474	794
Deferred tax liabilities	245	391
Secured borrowings of Consolidated Funds, at fair value	141,135	41,178
Accounts payable and accrued expenses	1,913	1,169
Total accounts payable and accrued expenses	27,583	17,613
Total accounts payable, accrued expenses and other liabilities	289,349	104,331
Medley And Consolidated Funds [Member]
Accounts payable, accrued expenses and other liabilities of Medley:
Total accounts payable and accrued expenses	33,350	18,938
Consolidated Funds [Member]
Accounts payable, accrued expenses and other liabilities of Medley:
Secured borrowings of Consolidated Funds, at fair value	141,135	41,178
Total accounts payable and accrued expenses	$5,767	$1,325

SECURED_BORROWINGS_Narratiave_

SECURED BORROWINGS (Narratiave) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Secured borrowings at cost	$143,000,000
Secured borrowings at fair value	141,135,000	41,178,000
2015	1,250,000
2016	312,000
2017	2,875,000
2018	5,500,000
2019	96,626,000
Secured Debt [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
2015	0
2016	0
2017	19,100,000
2018	31,000
2019	92,000
Thereafter	900,000
Consolidated Funds [Member]
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Secured borrowings at cost		41,500,000
Secured borrowings at fair value	141,135,000	41,178,000
Investment associated with secured borrowings	141,100,000	41,200,000
Net proceeds from secured borrowings	100,600,000	24,000,000
Interest expense from secured borrowings	$9,951,000	$2,638,000	$2,666,000

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2012
Commitments And Contingencies [Line Items]
Lease expiration period	various times through December 2020
Rent expense	$2,600,000	$2,200,000	$2,500,000
Consolidated Funds [Member]
Commitments And Contingencies [Line Items]
Unfunded capital commitments	1,100,000	1,500,000
Non-recourse Promissory Notes [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	2,500,000	1,000,000		10,000,000
Proceeds from issuance of debt				10,000,000
Present value of future cash flows expected to be paid				4,400,000
Contractual obligation	$6,700,000	$5,300,000

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Future Minimum Rental Payments) (Details) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies [Abstract]
2015	$2,454
2016	784
2017	452
2018	457
2019	463
Thereafter	469
Total future minimum lease payments	$5,079

RELATED_PARTY_TRANSACTIONS_Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2012
Related Party Transaction [Line Items]
Percentage of tax benefit under tax receivable agreement	85.00%
Non-recourse Promissory Notes [Member]
Related Party Transaction [Line Items]
Debt instrument, face amount	$2,500,000	$1,000,000		$10,000,000
Debt instrument, interest rate, effective percentage	0.25%
Debt instrument, maturity date	31-Dec-14
Debt instrument, issuance date		31-Dec-13
Nonrecourse Promissory Note Zero Interest [Member]
Related Party Transaction [Line Items]
Debt instrument, face amount	2,500,000
Debt instrument, interest rate, effective percentage	0.00%
Debt instrument, periodic payment, principal	312,500
Debt instrument, maturity date	31-Mar-16
Debt instrument, issuance date	31-Mar-14
MCC Admin Agreement [Member]
Related Party Transaction [Line Items]
Administrative services revenue	3,700,000	2,600,000	1,800,000
Accrued fees and other revenue receivable	1,100,000	700,000
SIC Admin Agreement [Member]
Related Party Transaction [Line Items]
Administrative services revenue	1,300,000	600,000	400,000
Accrued fees and other revenue receivable	400,000	1,000,000
SIC [Member]
Related Party Transaction [Line Items]
Investment Advisory Agreement Description	Pursuant to the terms of the IAA, Medley agreed to bear all organization and offering expenses ("O&O Expenses") related to SIC until the earlier of the end of the SIC offering period or such time that SIC has raised $300 million in gross proceeds in connection with the sale of shares of its common stock. Effective June 2, 2014, Medley was no longer liable for these expenses as SIC had reached the $300 million in gross proceeds threshold. The SIC IAA also requires SIC to reimburse Medley for O&O Expenses incurred by Medley in an amount equal to 1.25% of the aggregate gross proceeds in connection with the sale of shares of its common stock until the earlier of the end of the SIC offering period, which is currently scheduled to terminate in April 2016, or Medley has been repaid in full.
Expense Support And Reimbursement Agreement Description	Under the ESA, until June 30, 2015, unless extended, Medley will pay up to 100% of SIC's operating expenses in order for SIC to achieve a reasonable level of expenses relative to its investment income. Pursuant to the ESA, SIC has a conditional obligation to reimburse Medley for any amounts they funded under the ESA if, within three years of the date on which Medley funded such amounts, SIC meets certain financial levels.
SIC [Member] | Investment Advisory Agreement [Member]
Related Party Transaction [Line Items]
Gross proceeds benchmark	300,000,000
Fee percentage for orgainization and offereing costs	1.25%
Organization and Offering Expenses	1,500,000	1,400,000	1,900,000
Reimbursement revenue	3,800,000	1,800,000	300,000
SIC [Member] | Expense Support and Reimbursement Agreement [Member]
Related Party Transaction [Line Items]
Operating expenses percentage	100.00%
Expense support and reimbursement agreement expenses	5,000,000	3,900,000	1,500,000
ESA Liability	$5,200,000	$3,400,000

EARNINGS_PER_CLASS_A_SHARE_Nar

EARNINGS PER CLASS A SHARE (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dividends declared per Class A common stock	$0.20
Common Class A [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share (shares)	23,333,333

EARNINGS_PER_CLASS_A_SHARE_Bas

EARNINGS PER CLASS A SHARE (Basic and Diluted Income per Class A Share) (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2014
Numerator
Net income attributable to Medley Management Inc.	$1,317	$378	$1,695
Denominator
Weighted average shares of Class A shares outstanding	6,000,000	6,000,000	6,000,000
Common Class A [Member]
Numerator
Net income attributable to Medley Management Inc.			1,695
Less: Dividends			-1,200	[1]
Less: Undistributed net income available to participating securities			-45	[2]
Undistributed net income available to class A common stockholders			228
Denominator
Weighted average shares of Class A shares outstanding			7,177,432
Less: weighted average of participating securities			-1,177,432	[2]
Weighted Average Number of Shares Outstanding, Basic, Total			6,000,000
Add: dilutive effects of conversion of LLC Units				[3]
Weighted Average Number of Shares Outstanding, Diluted, Total			6,000,000
Basic and diluted, Distributable earnings			$0.20
Basic and diluted, Undistributed income			$0.04
Net income per Class A share			$0.24
Participating Securities [Member]
Numerator
Less: Dividends			($222)	[2]
[1]	The Company declared a $0.20 dividend on Class A common stock on November 10, 2014.
[2]	Participating securities relate to the Companybs grant of restricted stock units in connection with its IPO.
[3]	Excludes the assumed conversion of 23,333,333 LLC units to Class A shares as the impact would be antidilutive.

INCOME_TAXES_Narrative_Details

INCOME TAXES (Narrative) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]
Income Tax Examination, Description	Certain subsidiaries of the Company are no longer subject to tax examinations by taxing authorities for tax years prior to 2010 and, presently, have no open examinations for tax years before 2013
Unrecognized Tax Benefits	$0	$0	$0

INCOME_TAXES_Provision_for_Inc

INCOME TAXES (Provision for Income Taxes) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current
Federal	$486
State and local	2,768	1,735	1,138
Total current provision	3,254	1,735	1,138
Deferred
Federal	2
State and local	-728	-96	-51
Total deferred provision	-726	-96	-51
Provision for income taxes	$2,528	$1,639	$1,087

INCOME_TAXES_Summary_of_Deferr

INCOME TAXES (Summary of Deferred Tax Assets and Liabilities) (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred tax assets
Tax goodwill	$648
Unrealized losses	343	97
Stock-based compensation	27
Performance fee compensation	17	201
Deferred rent	13	19
Other liabilities	166	317
Total deferred tax assets	1,214	634
Deferred tax liabilities
Accrued fee income	151	363
Other	94	28
Total deferred tax liabilities	245	391
Net deferred tax assets	$969	$243

INCOME_TAXES_Reconciliation_of

INCOME TAXES (Reconciliation of Statutory to Effective Tax Rates) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Abstract]
Federal statutory rate	34.00%	34.00%	34.00%
Income allocated to non-controlling interests	-32.90%	-34.00%	-34.00%
State and local corporate income taxes	0.20%	0.00%	0.00%
Partnership unincorporated tax	2.60%	4.30%	4.40%
Permanent differences	-0.40%	0.00%	0.00%
Effective tax rate	3.50%	4.30%	4.40%

COMPENSATION_EXPENSE_Narrative

COMPENSATION EXPENSE (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance fee compensation	($1,543,000)	$7,192,000	$5,148,000
Performance fee compensation payable	11,807,000	16,225,000
Defined contribution plan, employer matching contribution, percent of employees' gross pay	3.00%
Percentage vested from participants eligibility date	100.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	400,000	300,000	200,000
Incentive Plan shares available for grant	3,300,000
Stock-based compensation	894,000
Shares authorized for grant	4,500,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of units issued during period	16,000,000
Anticipated forfeiture rate	8.00%
Stock-based compensation	900,000
RSUs forfeited	5,600
Units outstanding, net of forfeitures	895,000
Unvested RSU compensation cost not yet recognized	$15,100,000
Recognition period for unvested RSU compensation cost	4 years 8 months 12 days
RSUs granted, units	1,203,515

COMPENSATION_EXPENSE_Schedule_

COMPENSATION EXPENSE (Schedule of RSU Activity) (Details) (Restricted Stock Units (RSUs) [Member], USD $)	12 Months Ended
	Dec. 31, 2014
Restricted Stock Units (RSUs) [Member]
Number of RSUs
Beginning Balance
Granted	1,203,515
Forfeited	-5,600
Vested
Ending Balance	1,197,915
Weighted Average Grant Date Fair Value
Beginning Balance
Granted	$17.91
Forfeited	$18
Vested
Ending Balance	$17.91

SEGMENT_REPORTING_Schedule_of_

SEGMENT REPORTING (Schedule of Segment Reporting Information, by Segment) (Details) (USD $)	3 Months Ended									9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 28, 2014	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Revenues
Management fees											$61,252		$36,446		$25,325
Performance Fees											2,050		2,412		765
Other income and fees											8,871		5,011		2,152
Total revenues	18,187		20,765	17,225	15,996	7,828	9,300	11,429	15,312		72,173		43,869		28,242
Expenses
Compensation and benefits											20,322		13,712		11,477
Performance fee compensation											-1,543		7,192		5,148
General, administrative and other expenses											16,312		12,655		9,679
Expenses	5,564		8,510	12,861	9,826	7,689	10,635	7,892	8,568		36,761		34,784		27,957
Other income (expense)
Dividend income											886		886		245
Interest Expense											-5,520		-1,479		-831
Other income (expenses), net											-1,773		-483		-552
Total other expense, net	3,575		11,726	17,228	3,987	5,647	1,918	10,424	11,100		36,516		29,089		24,281
Income before income taxes	16,198		23,981	21,592	10,157	5,786	583	13,961	17,844		71,928		38,174		24,566
Provision for income taxes											2,528		1,639		1,087
Net income	15,844	17,690	23,058	20,845	9,653	5,461	232	13,499	17,343	51,710	69,400		36,535		23,479
Net income attributable to non-controlling interests in consolidated subsidiaries															11,918
Net income	1,317		378								1,695
Reimbursable fund startup expenses											5,599		3,825		1,423
Severance expense											-5		737
Share-based Compensation											894
Adjustment For Pre-IPO Guaranteed Payments											-3,284		-4,993		-2,913
Core Net Income											40,882		23,206		10,428
Interest expense											5,520		1,479		831
Depreciation and amortization											401		276		270
Standalone [Member]
Revenues
Management fees											65,765		46,424		33,690
Performance Fees											7,884		8,236		3,883
Other income and fees											8,871		5,011		2,527
Total revenues											82,520		59,671		40,100
Expenses
Compensation and benefits											20,322		13,712		11,477
Performance fee compensation											-1,543		7,192		5,148
General, administrative and other expenses											16,312		12,655		9,679
Expenses											35,091		33,559		26,304
Other income (expense)
Dividend income											886		886		245
Interest Expense											-5,520		-1,479		-831
Other income (expenses), net											-2,097		-1,168		-905
Total other expense, net											-6,731		-1,761		-1,491
Income before income taxes											40,698		24,351		12,305
Provision for income taxes											1,015		714		387
Net income											39,683		23,637		11,918
Net income attributable to non-controlling interests in consolidated subsidiaries											1,933				11,918
Net income											1,695
Reimbursable fund startup expenses											5,599	[1]	3,825	[1]	1,423	[1]
Severance expense											-5	[1]	737	[1]		[1]
Adjustment For Pre-IPO Guaranteed Payments											-3,284	[1],[2]	-4,993	[1],[2]	-2,913	[1],[2]
Core Net Income											40,882		23,206		10,428
Interest expense											5,520		1,479		831
Income taxes											1,154		701		343
Depreciation and amortization											401		276		258
Core EBITDA											47,957		25,662		11,860
Consolidated Subsidiaries [Member]
Other income (expense)
Net income attributable to non-controlling interests in consolidated subsidiaries	-239		612	1,607	-47						1,933
Consolidated Subsidiaries [Member] | Standalone [Member]
Other income (expense)
Net income attributable to non-controlling interests in consolidated subsidiaries											1,933
Medley Management Inc. And Non Controlling Interests In Medley LLC [Member]
Other income (expense)
Net income											37,750		23,637		11,918
Medley Management Inc. And Non Controlling Interests In Medley LLC [Member] | Standalone [Member]
Other income (expense)
Net income											37,750		23,637		11,918
Medley LLC [Member]
Other income (expense)
Net income attributable to non-controlling interests in consolidated subsidiaries	7,951		12,135	10,181	5,788	4,178	1,867	7,316	10,276		36,055		23,637		11,918
Medley LLC [Member] | Standalone [Member]
Other income (expense)
Net income attributable to non-controlling interests in consolidated subsidiaries											$36,055		$23,637		$11,918
[1]	Presented net of income taxes.
[2]	Represents a pro forma adjustment to reflect guaranteed payments to Medley LLC members as compensation expense. Prior to the Companybs reorganization and IPO, these payments were recorded as distributions from memberbs capital.

SEGMENT_REPORTING_Reconciliati

SEGMENT REPORTING (Reconciliation of Operating Profit (Loss) from Segments to Consolidated) (Details) (USD $)	3 Months Ended									9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 28, 2014	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Segment Reporting Information [Line Items]
Revenues	$18,187		$20,765	$17,225	$15,996	$7,828	$9,300	$11,429	$15,312		$72,173		$43,869		$28,242
Expenses	5,564		8,510	12,861	9,826	7,689	10,635	7,892	8,568		36,761		34,784		27,957
Other income (expense), net	3,575		11,726	17,228	3,987	5,647	1,918	10,424	11,100		36,516		29,089		24,281
Income taxes											2,528		1,639		1,087
Net income attributable to non-controlling interests															11,918
Net income attributable to Medley Management Inc.	1,317		378								1,695
Add: Net income attributable to non-controlling interests in Medley LLC															11,918
Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC	15,844	17,690	23,058	20,845	9,653	5,461	232	13,499	17,343	51,710	69,400		36,535		23,479
Reimbursable fund startup expenses											5,599		3,825		1,423
Severance expenses											-5		737
IPO date award stock-based compensation											822
Adjustment for pre-IPO guaranteed payments to members											-3,284		-4,993		-2,913
Core Net Income											40,882		23,206		10,428
Standalone [Member]
Segment Reporting Information [Line Items]
Revenues											82,520		59,671		40,100
Expenses											35,091		33,559		26,304
Other income (expense), net											-6,731		-1,761		-1,491
Income taxes											1,015		714		387
Net income attributable to non-controlling interests											1,933				11,918
Net income attributable to Medley Management Inc.											1,695
Add: Net income attributable to non-controlling interests in Medley LLC											1,933				11,918
Net income attributable to Medley Management Inc. and non-controlling interests in Medley LLC											39,683		23,637		11,918
Reimbursable fund startup expenses											5,599	[1]	3,825	[1]	1,423	[1]
Severance expenses											-5	[1]	737	[1]		[1]
IPO date award stock-based compensation											822	[1]		[1]		[1]
Adjustment for pre-IPO guaranteed payments to members											-3,284	[1],[2]	-4,993	[1],[2]	-2,913	[1],[2]
Core Net Income											40,882		23,206		10,428
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Revenues											-10,347		-15,802		-11,858
Expenses											1,670		1,225		1,653
Other income (expense), net											43,247		30,850		25,772
Income taxes											1,513		925		700
Consolidated Subsidiaries [Member]
Segment Reporting Information [Line Items]
Net income attributable to non-controlling interests	-239		612	1,607	-47						1,933
Add: Net income attributable to non-controlling interests in Medley LLC	-239		612	1,607	-47						1,933
Consolidated Subsidiaries [Member] | Standalone [Member]
Segment Reporting Information [Line Items]
Net income attributable to non-controlling interests											1,933
Add: Net income attributable to non-controlling interests in Medley LLC											1,933
Consolidated Funds [Member]
Segment Reporting Information [Line Items]
Net income attributable to non-controlling interests	6,815		9,933	9,057	3,912	1,283	-1,635	6,183	7,067		29,717		12,898		11,561
Add: Net income attributable to non-controlling interests in Medley LLC	6,815		9,933	9,057	3,912	1,283	-1,635	6,183	7,067		29,717		12,898		11,561
Consolidated Funds [Member] | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Expenses											1,670		1,225		1,653
Income taxes											1,513		925		700
Net income attributable to non-controlling interests											29,717		12,898		11,561
Add: Net income attributable to non-controlling interests in Medley LLC											29,717		12,898		11,561
Medley LLC [Member]
Segment Reporting Information [Line Items]
Net income attributable to non-controlling interests	7,951		12,135	10,181	5,788	4,178	1,867	7,316	10,276		36,055		23,637		11,918
Add: Net income attributable to non-controlling interests in Medley LLC	7,951		12,135	10,181	5,788	4,178	1,867	7,316	10,276		36,055		23,637		11,918
Medley LLC [Member] | Standalone [Member]
Segment Reporting Information [Line Items]
Net income attributable to non-controlling interests											36,055		23,637		11,918
Add: Net income attributable to non-controlling interests in Medley LLC											36,055		23,637		11,918
Medley Management Inc. And Non Controlling Interests In Medley LLC [Member]
Segment Reporting Information [Line Items]
Net income attributable to Medley Management Inc.											37,750		23,637		11,918
Medley Management Inc. And Non Controlling Interests In Medley LLC [Member] | Standalone [Member]
Segment Reporting Information [Line Items]
Net income attributable to Medley Management Inc.											$37,750		$23,637		$11,918
[1]	Presented net of income taxes.
[2]	Represents a pro forma adjustment to reflect guaranteed payments to Medley LLC members as compensation expense. Prior to the Companybs reorganization and IPO, these payments were recorded as distributions from memberbs capital.

SEGMENT_REPORTING_Adjustments_

SEGMENT REPORTING (Adjustments and Reconciliations to Revenues) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Management fees from Consolidated Funds eliminated in consolidation									$61,252	$36,446	$25,325
MOF II Performance fees eliminated in consolidation									2,050	2,412	765
Total revenues	18,187	20,765	17,225	15,996	7,828	9,300	11,429	15,312	72,173	43,869	28,242
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Management fees from Consolidated Funds eliminated in consolidation									-4,513	-9,978	-8,365
MOF II Performance fees eliminated in consolidation									-5,834	-5,824	-3,118
Administrative fees from Consolidated Funds eliminated in consolidation											-375
Total revenues									($10,347)	($15,802)	($11,858)

SEGMENT_REPORTING_Adjustments_1

SEGMENT REPORTING (Adjustments and Reconciliations to Expenses) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Consolidated Funds Expenses									$1,670	$1,225	$1,653
Total segment expenses	5,564	8,510	12,861	9,826	7,689	10,635	7,892	8,568	36,761	34,784	27,957
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total segment expenses									1,670	1,225	1,653
Consolidated Funds [Member]
Segment Reporting Information [Line Items]
Consolidated Funds Expenses									1,670	1,225	1,653
Consolidated Funds [Member] | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total segment expenses									$1,670	$1,225	$1,653

SEGMENT_REPORTING_Adjustment_t

SEGMENT REPORTING (Adjustment to Interest and Investment Income) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Interest and other income of Consolidated Funds									$71,468	$52,550	$39,001
Net realized gain (loss) on investments of Consolidated Funds									789	-16,080	-1,600
Net change in unrealized (depreciation) appreciation on investments of Consolidated Funds									-20,557	-3,361	-10,103
Total segment other income (expense), net	3,575	11,726	17,228	3,987	5,647	1,918	10,424	11,100	36,516	29,089	24,281
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Interest and other income of Consolidated Funds									71,468	52,550	39,001
Net realized gain (loss) on investments of Consolidated Funds									789	-16,080	-1,600
Interest expense on secured borrowings of Consolidated Funds									-9,951	-2,638	-2,666
Net change in unrealized (depreciation) appreciation on investments of Consolidated Funds									-20,557	-3,361	-10,103
Net change in unrealized depreciation (appreciation) on secured borrowings									1,174	-306	787
Elimination of equity income from Consolidated Funds									324	685	353
Total segment other income (expense), net									43,247	30,850	25,772
Consolidated Funds [Member]
Segment Reporting Information [Line Items]
Interest and other income of Consolidated Funds									71,468	52,550	39,001
Net realized gain (loss) on investments of Consolidated Funds									789	-16,080	-1,600
Interest expense on secured borrowings of Consolidated Funds									9,951	2,638	2,666
Net change in unrealized depreciation (appreciation) on secured borrowings									$1,174	($306)	$787

SEGMENT_REPORTING_Provision_Fo

SEGMENT REPORTING (Provision For Income Taxes Adjustment) (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Total segment provision for taxes	$2,528	$1,639	$1,087
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total segment provision for taxes	1,513	925	700
Consolidated Funds [Member] | Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Total segment provision for taxes	$1,513	$925	$700

CONSOLIDATING_SCHEDULES_Consol

CONSOLIDATING SCHEDULES (Consolidated Income Statement) (Details) (USD $)	3 Months Ended									9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 28, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues:
Management fees											$61,252	$36,446	$25,325
Performance fees											2,050	2,412	765
Other income and fees											8,871	5,011	2,152
Total revenues	18,187		20,765	17,225	15,996	7,828	9,300	11,429	15,312		72,173	43,869	28,242
Expenses:
Compensation and benefits											20,322	13,712	11,477
Performance fee compensation											-1,543	7,192	5,148
Consolidated Funds expenses											1,670	1,225	1,653
General, administrative and other expenses											16,312	12,655	9,679
Total operating expenses	5,564		8,510	12,861	9,826	7,689	10,635	7,892	8,568		36,761	34,784	27,957
Other income (expense):
Dividend income											886	886	245
Interest Expense											-5,520	-1,479	-831
Other expense, net											-1,773	-483	-552
Interest and other income of Consolidated Funds											71,468	52,550	39,001
Net realized loss on investments of Consolidated Funds											789	-16,080	-1,600
Net change in unrealized depreciation on investments of Consolidated Funds											-20,557	-3,361	-10,103
Total other expense, net	3,575		11,726	17,228	3,987	5,647	1,918	10,424	11,100		36,516	29,089	24,281
Income before income taxes	16,198		23,981	21,592	10,157	5,786	583	13,961	17,844		71,928	38,174	24,566
Provision for income taxes											2,528	1,639	1,087
Net income	15,844	17,690	23,058	20,845	9,653	5,461	232	13,499	17,343	51,710	69,400	36,535	23,479
Net income attributable to non-controlling interests													11,918
Net income attributable to Medley Management Inc.	1,317		378								1,695
Consolidated Funds [Member]
Expenses:
Consolidated Funds expenses											1,670	1,225	1,653
Other income (expense):
Interest expense on secured borrowings of Consolidated Funds											9,951	2,638	2,666
Interest and other income of Consolidated Funds											71,468	52,550	39,001
Net realized loss on investments of Consolidated Funds											789	-16,080	-1,600
Net change in unrealized depreciation (appreciation) on secured borrowings											1,174	-306	787
Net income attributable to non-controlling interests	6,815		9,933	9,057	3,912	1,283	-1,635	6,183	7,067		29,717	12,898	11,561
Consolidated Subsidiaries [Member]
Other income (expense):
Net income attributable to non-controlling interests	-239		612	1,607	-47						1,933
Medley LLC [Member]
Other income (expense):
Net income attributable to non-controlling interests	7,951		12,135	10,181	5,788	4,178	1,867	7,316	10,276		36,055	23,637	11,918
Standalone [Member]
Revenues:
Management fees											65,765	46,424	33,690
Performance fees											7,884	8,236	3,883
Other income and fees											8,871	5,011	2,527
Total revenues											82,520	59,671	40,100
Expenses:
Compensation and benefits											20,322	13,712	11,477
Performance fee compensation											-1,543	7,192	5,148
General, administrative and other expenses											16,312	12,655	9,679
Total operating expenses											35,091	33,559	26,304
Other income (expense):
Dividend income											886	886	245
Interest Expense											-5,520	-1,479	-831
Other expense, net											-2,097	-1,168	-905
Total other expense, net											-6,731	-1,761	-1,491
Income before income taxes											40,698	24,351	12,305
Provision for income taxes											1,015	714	387
Net income											39,683	23,637	11,918
Net income attributable to non-controlling interests											1,933		11,918
Net income attributable to Medley Management Inc.											1,695
Standalone [Member] | Consolidated Subsidiaries [Member]
Other income (expense):
Net income attributable to non-controlling interests											1,933
Standalone [Member] | Medley LLC [Member]
Other income (expense):
Net income attributable to non-controlling interests											36,055	23,637	11,918
Consolidated Funds [Member]
Expenses:
Consolidated Funds expenses											6,183	11,203	10,393
Total operating expenses											6,183	11,203	10,393
Other income (expense):
Interest and other income of Consolidated Funds											71,468	52,550	39,001
Net realized loss on investments of Consolidated Funds											789	-16,080	-1,600
Net change in unrealized depreciation on investments of Consolidated Funds											-20,557	-3,361	-10,103
Total other expense, net											42,923	30,165	25,419
Income before income taxes											36,740	18,962	15,026
Provision for income taxes											1,513	925	700
Net income											35,227	18,037	14,326
Net income attributable to Medley Management Inc.											35,227
Consolidated Funds [Member] | Consolidated Funds [Member]
Other income (expense):
Interest expense on secured borrowings of Consolidated Funds											9,951	2,638	2,666
Net change in unrealized depreciation (appreciation) on secured borrowings											1,174	-306	787
Net income attributable to non-controlling interests													122
Consolidated Funds [Member] | Medley LLC [Member]
Other income (expense):
Net income attributable to non-controlling interests												18,037	14,204
Consolidation, Eliminations [Member]
Revenues:
Management fees											-4,513	-9,978	-8,365
Performance fees											-5,834	-5,824	-3,118
Other income and fees													-375
Total revenues											-10,347	-15,802	-11,858
Expenses:
Consolidated Funds expenses											-4,513	-9,978	-8,740
Total operating expenses											-4,513	-9,978	-8,740
Other income (expense):
Other expense, net											324	685	353
Total other expense, net											324	685	353
Income before income taxes											-5,510	-5,139	-2,765
Net income											-5,510	-5,139	-2,765
Net income attributable to Medley Management Inc.											-35,227
Consolidation, Eliminations [Member] | Consolidated Funds [Member]
Other income (expense):
Net income attributable to non-controlling interests											29,717	12,898	11,439
Consolidation, Eliminations [Member] | Medley LLC [Member]
Other income (expense):
Net income attributable to non-controlling interests												($18,037)	($14,204)

CONSOLIDATING_SCHEDULES_Consol1

CONSOLIDATING SCHEDULES (Consolidated Balance Sheet) (Details) (USD $)	Dec. 31, 2014	Sep. 28, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Thousands, unless otherwise specified
Assets
Cash and cash equivalents	$87,206		$5,395	$1,292	$1,334
Investments, at fair value	734,870		453,396
Investments, at fair value	9,901		10,173
Management fees receivable	15,173		8,921
Performance fees receivable	5,573		3,339
Other assets	9,230		5,308
Total assets	910,399		550,292
Liabilities and equity
Loans payable	103,057		27,990
Accounts payable, accrued expenses and other liabilities	27,583		17,613
Secured borrowings	141,135		41,178
Performance fee compensation payable	11,807		16,225
Total liabilities	289,349		104,331
Stockholders' Equity
Additional paid-in-capital	-2,384
Retained earnings	272
Total stockholders' equity, Medley Management Inc.	-2,052
Members' equity of consolidated funds			-18,554
Total (deficit) equity	621,050	475,608	445,961	406,936	265,315
Total liabilities and equity	910,399		550,292
Common Class A [Member]
Stockholders' Equity
Common stock value	60
Consolidated Funds [Member]
Assets
Cash and cash equivalents	38,111		60,355
Investments, at fair value	734,870		453,396
Other assets	3,681		436
Interest and dividends receivable	6,654		2,969
Liabilities and equity
Accounts payable, accrued expenses and other liabilities	5,767		1,325
Secured borrowings	141,135		41,178
Stockholders' Equity
Non-controlling interests	625,548		464,475
Consolidated Subsidiaries [Member]
Stockholders' Equity
Non-controlling interests	1,526		40
Medley LLC [Member]
Assets
Other assets	9,230		5,308
Stockholders' Equity
Non-controlling interests	-3,972
Standalone [Member]
Assets
Cash and cash equivalents	87,206		5,395
Investments, at fair value	22,143		21,443
Management fees receivable	15,173		8,921
Performance fees receivable	5,573		3,339
Other assets	9,230		4,216
Total assets	139,325		43,314
Liabilities and equity
Loans payable	103,057		27,990
Accounts payable, accrued expenses and other liabilities	28,959		17,613
Performance fee compensation payable	11,807		16,225
Total liabilities	143,823		61,828
Stockholders' Equity
Additional paid-in-capital	-2,384
Retained earnings	272
Total stockholders' equity, Medley Management Inc.	-2,052
Members' equity of consolidated funds			-18,554
Total (deficit) equity	-4,498		-18,514
Total liabilities and equity	139,325		43,314
Standalone [Member] | Common Class A [Member]
Stockholders' Equity
Common stock value	60
Standalone [Member] | Consolidated Subsidiaries [Member]
Stockholders' Equity
Non-controlling interests	1,526		40
Standalone [Member] | Medley LLC [Member]
Stockholders' Equity
Non-controlling interests	-3,972
Consolidated Funds [Member]
Assets
Total assets	784,692		518,285
Liabilities and equity
Secured borrowings	141,135		41,178
Total liabilities	146,902		42,541
Stockholders' Equity
Members' equity of consolidated funds	637,790		475,744
Total (deficit) equity	637,790		475,744
Total liabilities and equity	784,692		518,285
Consolidated Funds [Member] | Consolidated Funds [Member]
Assets
Cash and cash equivalents	38,111		60,355
Investments, at fair value	734,870		453,396
Other assets	5,057		1,565
Interest and dividends receivable	6,654		2,969
Liabilities and equity
Accounts payable, accrued expenses and other liabilities	5,767		1,363
Consolidation, Eliminations [Member]
Assets
Investments, at fair value	-12,242		-11,270
Other assets			1,092
Total assets	-13,618		-11,307
Liabilities and equity
Accounts payable, accrued expenses and other liabilities	-1,376
Total liabilities	-1,376		-38
Stockholders' Equity
Members' equity of consolidated funds	-637,790		-475,744
Total (deficit) equity	-12,242		-11,269
Total liabilities and equity	-13,618		-11,307
Consolidation, Eliminations [Member] | Consolidated Funds [Member]
Assets
Other assets	-1,376		-1,129
Liabilities and equity
Accounts payable, accrued expenses and other liabilities			-38
Stockholders' Equity
Non-controlling interests	$625,548		$464,475

QUARTERLY_FINANCIAL_DATA_Quart

QUARTERLY FINANCIAL DATA (Quarterly Financial Information) (Details) (USD $)	3 Months Ended									9 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 28, 2014	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012
Revenues	$18,187		$20,765	$17,225	$15,996	$7,828	$9,300	$11,429	$15,312		$72,173		$43,869	$28,242
Expenses	5,564		8,510	12,861	9,826	7,689	10,635	7,892	8,568		36,761		34,784	27,957
Total other expense, net	3,575		11,726	17,228	3,987	5,647	1,918	10,424	11,100		36,516		29,089	24,281
Income before income taxes	16,198		23,981	21,592	10,157	5,786	583	13,961	17,844		71,928		38,174	24,566
Provision for income taxes											2,528		1,639	1,087
Net income	15,844	17,690	23,058	20,845	9,653	5,461	232	13,499	17,343	51,710	69,400		36,535	23,479
Net income attributable to non-controlling interests														11,918
Net income attributable to Medley Management Inc.	1,317		378								1,695
Net income per share attributable to stockholders of Class A common stock of Medley Management Inc:
Earnings Per Share, Basic (in dollars per share)	$0.19		$0.05								$0.24	[1]
Earnings Per Share, Diluted (in dollars per share)	$0.19		$0.05								$0.24	[1]
Weighted Average Number of Shares Outstanding, Basic and Diluted (in shares)	6,000,000		6,000,000								6,000,000
Consolidated Funds [Member]
Net income attributable to non-controlling interests	6,815		9,933	9,057	3,912	1,283	-1,635	6,183	7,067		29,717		12,898	11,561
Consolidated Subsidiaries [Member]
Net income attributable to non-controlling interests	-239		612	1,607	-47						1,933
Medley LLC [Member]
Net income attributable to non-controlling interests	$7,951		$12,135	$10,181	$5,788	$4,178	$1,867	$7,316	$10,276		$36,055		$23,637	$11,918
[1]	Based on net income attributable to Medley Management Inc. from September 29, 2014 through December 31, 2014.

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details) (USD $)	0 Months Ended
	Jan. 01, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 29, 2015
Subsequent Event [Line Items]
Investments, at fair value		$734,870,000	$453,396,000
Dividends payable, amount per share		$0.20
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividends payable, amount per share				$0.20
Medley Opportunity Fund I LP [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Variable Interest Entity Deconsolidation Carrying Amount Assets	20,000,000
Variable Interest Entity Deconsolidation Carrying Amount Liabilities	2,900,000
Variable Interest Entity Deconsolidation Noncontrolling Interest	15,300,000
Variable Interest Entity Deconsolidation Carrying Amount Investments	$1,800,000