Investment in Unconsolidated Subsidiaries |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| Investment in Unconsolidated Subsidiaries | Note 7. Investment in Unconsolidated Subsidiaries The Company’s investment in unconsolidated subsidiaries consist of unconsolidated equity method investments primarily related to ECG’s tax credit finance and asset management activities. Additionally, the investment in Enhanced Capital Partners and Enhanced PC is recorded at zero. The Company, therefore, suspended the use of the equity method of accounting because the Company has no guaranteed obligations or commitments to provide financial support to the investee. As of March 31, 2025, investment in unconsolidated subsidiaries totaled $2.7 million, of which $0.8 million related to RCP's investment in a privately held investment manager, $1.8 million related to ECG’s asset management businesses, and $0.1 million related to ECG’s tax credit finance businesses. As of December 31, 2024, investment in unconsolidated subsidiaries totaled $2.8 million, of which $0.8 million related to RCP's investment in a privately held investment manager, $1.9 million related to ECG’s asset management businesses, and $0.1 million related to ECG’s tax credit finance businesses. |