v3.26.3
Variable interest entities (Tables)
9 Months Ended
Sep. 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)September 30, 2026December 31, 2025
Total assets$854,299 $3,930,646 
Total liabilities34,596 408,776 
The table below sets forth the total revenues and certain information relating to cash flows of the consolidated VIEs for the periods indicated.
Three months ended September 30,Nine months ended September 30,
($ in thousands)2026202520262025
Total revenues$(3,896)$24,177$(2,665,390)$130,254
Cash flows
Proceeds26,16958,03993,155235,687
(Funding)(21,309)(19,895)(81,740)(54,463)
Cash balance as of end of period18,95518,73018,95518,730
Unconsolidated VIEs
The Group’s maximum exposure to loss from the unconsolidated VIEs is the sum of capital provision assets, fee receivables, accrued income and loans to the unconsolidated VIEs.
The table below sets forth the Group’s maximum exposure to loss from the unconsolidated VIEs as of the dates indicated.
($ in thousands)September 30, 2026December 31, 2025
On-balance sheet exposure$36,531 $36,329 
Off-balance sheet exposure - undrawn commitments21,755 23,366 
Maximum exposure to loss58,286 59,695