v3.26.1
Variable interest entities (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The table below sets forth assets and liabilities of the consolidated VIEs as of the dates indicated.
($ in thousands)June 30, 2026December 31, 2025
Total assets$936,193 $3,930,646 
Total liabilities81,085 408,776 
The table below sets forth the total revenues and certain information relating to cash flows of the consolidated VIEs for the periods indicated.
Three months ended June 30,Six months ended June 30,
($ in thousands)2026202520262025
Total revenues$(3,753)$69,449$(2,661,494)$106,077
Cash flows
Proceeds61,46937,39366,986177,648
(Funding)(18,234)(22,978)(60,431)(34,568)
Cash balance as of end of period15,57819,13215,57819,132
Unconsolidated VIEs
The Group’s maximum exposure to loss from the unconsolidated VIEs is the sum of capital provision assets, fee receivables, accrued income and loans to the unconsolidated VIEs.
The table below sets forth the Group’s maximum exposure to loss from the unconsolidated VIEs as of the dates indicated.
($ in thousands)June 30, 2026December 31, 2025
On-balance sheet exposure$36,239 $36,329 
Off-balance sheet exposure - undrawn commitments22,154 23,366 
Maximum exposure to loss58,393 59,695