Fair value of assets and liabilities - Level 3 Measurement Inputs (Details)
$ in Thousands |
3 Months Ended |
12 Months Ended |
|
|
|
Mar. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
Mar. 31, 2024
USD ($)
|
Dec. 31, 2023
USD ($)
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets |
$ 5,305,021
|
$ 5,243,917
|
$ 5,096,807
|
$ 5,045,388
|
| Due from settlement of capital provision assets |
102,648
|
183,858
|
|
|
| Asset (liability) fair value |
4,710,883
|
4,759,742
|
|
|
| Level 3 |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets |
5,292,499
|
5,226,625
|
|
|
| Due from settlement of capital provision assets |
102,648
|
183,858
|
|
|
| Asset (liability) cost |
2,324,088
|
2,487,356
|
|
|
| Asset (Liability) unrealized |
2,290,729
|
2,176,074
|
|
|
| Asset (liability) fair value |
4,614,817
|
4,663,430
|
|
|
| Discount rate | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, Cost |
102,419
|
182,657
|
|
|
| Due from settlement of capital provision assets, Unrealized |
229
|
1,201
|
|
|
| Due from settlement of capital provision assets |
$ 102,648
|
$ 183,858
|
|
|
| Discount rate | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.066
|
0.068
|
|
|
| Discount rate | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.066
|
0.068
|
|
|
| Discount rate | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.066
|
0.068
|
|
|
| Collection risk | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.000
|
0.000
|
|
|
| Collection risk | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.000
|
0.000
|
|
|
| Collection risk | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Due from settlement of capital provision assets, measurement input |
0.000
|
0.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 2,083,278
|
$ 2,099,142
|
|
|
| Capital provision assets, Unrealized |
2,233,774
|
2,114,845
|
|
|
| Capital provision assets |
4,317,052
|
4,213,987
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | No case milestone: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
912,687
|
924,530
|
|
|
| Capital provision assets, Unrealized |
94,401
|
28,112
|
|
|
| Capital provision assets |
1,007,088
|
952,642
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | YPF-related assets: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
105,632
|
69,576
|
|
|
| Capital provision assets, Unrealized |
1,432,450
|
1,395,899
|
|
|
| Capital provision assets |
$ 1,538,082
|
$ 1,465,475
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Discount rate | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.048
|
0.048
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Discount rate | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.075
|
0.076
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Discount rate | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.067
|
0.069
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Duration (years) | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.2
|
0.2
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Duration (years) | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
13.8
|
14.0
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Duration (years) | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
2.9
|
2.9
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Adjusted risk premium | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.000
|
0.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Adjusted risk premium | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Adjusted risk premium | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.309
|
0.314
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 181,740
|
$ 184,540
|
|
|
| Capital provision assets, Unrealized |
113,443
|
109,991
|
|
|
| Capital provision assets |
$ 295,183
|
$ 294,531
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.050
|
0.050
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.500
|
0.500
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.230
|
0.230
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Negative case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 17,209
|
$ 17,209
|
|
|
| Capital provision assets, Unrealized |
(16,291)
|
(16,343)
|
|
|
| Capital provision assets |
$ 918
|
$ 866
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Negative case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.500)
|
(0.500)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Negative case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.600)
|
(0.600)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Significant ruling or other objective event prior to trial court judgment | Negative case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.568)
|
(0.570)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 88,624
|
$ 86,880
|
|
|
| Capital provision assets, Unrealized |
100,061
|
98,453
|
|
|
| Capital provision assets |
$ 188,685
|
$ 185,333
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.250
|
0.250
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.600
|
0.600
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.536
|
0.540
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Negative case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 45,011
|
$ 44,973
|
|
|
| Capital provision assets, Unrealized |
(24,058)
|
(24,439)
|
|
|
| Capital provision assets |
$ 20,953
|
$ 20,534
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Negative case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.100)
|
(0.100)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Negative case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.600)
|
(0.600)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Trial court judgment or tribunal award | Negative case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.573)
|
(0.570)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 61,950
|
$ 61,192
|
|
|
| Capital provision assets, Unrealized |
65,237
|
67,177
|
|
|
| Capital provision assets |
$ 127,187
|
$ 128,369
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.689
|
0.690
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.800
|
0.800
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.704
|
0.700
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Negative case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 7,989
|
$ 11,825
|
|
|
| Capital provision assets, Unrealized |
(7,989)
|
(11,506)
|
|
|
| Capital provision assets |
$ 0
|
$ 319
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Negative case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(1.000)
|
(0.800)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Negative case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(1.000)
|
(1.000)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Appeal judgment | Negative case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(1.000)
|
(0.800)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Asset freeze | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 2,476
|
$ 2,401
|
|
|
| Capital provision assets, Unrealized |
565
|
512
|
|
|
| Capital provision assets |
$ 3,041
|
$ 2,913
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Asset freeze | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.044
|
0.040
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Asset freeze | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.044
|
0.040
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Asset freeze | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.044
|
0.040
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Exhaustion of all appeals | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 78,400
|
$ 78,093
|
|
|
| Capital provision assets, Unrealized |
66,985
|
66,664
|
|
|
| Capital provision assets |
$ 145,385
|
$ 144,757
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Exhaustion of all appeals | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Exhaustion of all appeals | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Exhaustion of all appeals | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Settlement | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 1,961
|
$ 1,911
|
|
|
| Capital provision assets, Unrealized |
5,094
|
4,889
|
|
|
| Capital provision assets |
$ 7,055
|
$ 6,800
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Settlement | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.400
|
0.400
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Settlement | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.800
|
0.800
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Settlement | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.597
|
0.600
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 518,750
|
$ 555,828
|
|
|
| Capital provision assets, Unrealized |
438,031
|
424,005
|
|
|
| Capital provision assets |
$ 956,781
|
$ 979,833
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.004
|
0.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
0.272
|
0.230
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Negative case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 60,540
|
$ 59,877
|
|
|
| Capital provision assets, Unrealized |
(33,992)
|
(28,404)
|
|
|
| Capital provision assets |
$ 26,548
|
$ 31,473
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Negative case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.024)
|
(0.100)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Negative case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.600)
|
(0.600)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Portfolios with multiple factors | Negative case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
(0.430)
|
(0.390)
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Other | Positive case milestone factor: | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, Cost |
$ 309
|
$ 307
|
|
|
| Capital provision assets, Unrealized |
(163)
|
(165)
|
|
|
| Capital provision assets |
$ 146
|
$ 142
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Other | Positive case milestone factor: | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Other | Positive case milestone factor: | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Single case, Portfolio, Joint ventures and equity method investments, Legal risk management, Core legal finance (BOF-C)(1), Core legal finance (EP Funds), Financial liabilities relating to third party interests in capital provision assets | Other | Positive case milestone factor: | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Capital provision assets, measurement input |
1.000
|
1.000
|
|
|
| Lower risk legal finance (Advantage Fund) |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies |
$ 108,050
|
$ 189,288
|
|
|
| Lower risk legal finance (Advantage Fund) | Level 3 |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies |
108,050
|
189,288
|
|
|
| Lower risk legal finance (Advantage Fund) | Discount rate | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, Cost |
92,650
|
159,816
|
|
|
| Assets of consolidated investment companies, Unrealized |
15,400
|
29,472
|
|
|
| Assets of consolidated investment companies |
$ 108,050
|
$ 189,288
|
|
|
| Lower risk legal finance (Advantage Fund) | Discount rate | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.119
|
0.121
|
|
|
| Lower risk legal finance (Advantage Fund) | Discount rate | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.208
|
0.210
|
|
|
| Lower risk legal finance (Advantage Fund) | Discount rate | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.158
|
0.172
|
|
|
| Lower risk legal finance (Advantage Fund) | Duration (years) | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.0
|
0.2
|
|
|
| Lower risk legal finance (Advantage Fund) | Duration (years) | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
6.8
|
4.0
|
|
|
| Lower risk legal finance (Advantage Fund) | Duration (years) | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
2.1
|
1.3
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Discount rate | Discounted cash flow |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, Cost |
$ 45,741
|
$ 45,741
|
|
|
| Assets of consolidated investment companies, Unrealized |
41,326
|
30,556
|
|
|
| Assets of consolidated investment companies |
$ 87,067
|
$ 76,297
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Discount rate | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.134
|
0.140
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Discount rate | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.134
|
0.140
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Discount rate | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.134
|
0.140
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Resolution timing (years) | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
0.5
|
0.8
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Resolution timing (years) | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
3.5
|
3.8
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Resolution timing (years) | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
1.2
|
1.4
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Conversion ratio | Discounted cash flow | Minimum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
1.0
|
1.0
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Conversion ratio | Discounted cash flow | Maximum |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
1.0
|
1.0
|
|
|
| Portfolio with equity risk, Core legal finance (BOF-C) | Conversion ratio | Discounted cash flow | Weighted average |
|
|
|
|
| Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] |
|
|
|
|
| Assets of consolidated investment companies, measurement input |
1.0
|
1.0
|
|
|