v3.25.1
Unconsolidated Affiliates (Tables)
3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments in Unconsolidated Affiliates

Investments in unconsolidated affiliates are as follows (in millions):

 

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

Ownership Percentage (1)

 

Carrying Value

 

 

Excess carrying value of investment over proportionate share of net assets

 

 

Carrying Value

 

 

Excess carrying value of investment over proportionate share of net assets

 

Orbit Private Investments L.P.

 

9.8%

 

$

204.3

 

 

$

 

 

$

203.9

 

 

$

 

International Financial Data Services L.P.

 

50.0%

 

 

62.3

 

 

 

27.2

 

 

 

60.2

 

 

 

28.0

 

Broadway Square Partners, LLP

 

50.0%

 

 

51.9

 

 

 

28.4

 

 

 

52.2

 

 

 

28.6

 

Pershing Road Development Company, LLC

 

50.0%

 

 

10.3

 

 

 

52.4

 

 

 

10.1

 

 

 

53.0

 

Other unconsolidated affiliates

 

 

 

 

1.9

 

 

 

 

 

 

2.0

 

 

 

 

Total

 

 

 

$

330.7

 

 

$

108.0

 

 

$

328.4

 

 

$

109.6

 

Schedule of Equity in Earnings of Unconsolidated Affiliates

Equity in earnings of unconsolidated affiliates, net are as follows (in millions):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Orbit Private Investments L.P.

 

$

0.4

 

 

$

1.2

 

International Financial Data Services L.P.

 

 

2.2

 

 

 

1.5

 

Broadway Square Partners, LLP

 

 

(0.4

)

 

 

(0.3

)

Pershing Road Development Company, LLC

 

 

0.1

 

 

 

(0.1

)

Total

 

$

2.3

 

 

$

2.3