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Investments (Tables) | 3 Months Ended
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Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Summarized Investment balances | Summarized investment balances as of March 31, 2025 and December 31, 2024 are presented in the following table.
(in millions) | March 31, 2025 |  | December 31, 2024
Investment Management co-investments | $ | 514.5 |  |  | 406.1 |
Software and Technology Solutions investments | 352.9 |  |  | 372.8 |
Other investments | 35.0 |  |  | 33.8 |
Total | $ | 902.4 |  |  | 812.7 |
Investments in real estate ventures, Fair Value | The table below shows the movement in our investments reported at fair value. The table below does not include our $9.9 million investment in certain mid-stage non-public companies as they are non-marketable equity investments accounted for under the measurement alternative, defined as cost minus impairment.
(in millions) | 2025 | 2024
Fair value investments as of January 1, | $ | 742.0 |  | 740.8 |
Investments | 115.7 |  | 15.6 |
Distributions | (6.0) |  | (6.4) |
Change in fair value, net | (27.7) |  | (3.1) |
Foreign currency translation adjustments, net | 7.4 |  | (6.3) |
Transfers in | 24.6 |  | 3.2 |
Fair value investments as of March 31, | $ | 856.0 |  | 743.8 |

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