XML 51 R40.htm IDEA: XBRL DOCUMENT v3.25.1
Related party transactions (Tables)
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table provides the fair value of the Company's investments managed by related parties as of March 31, 2025 and December 31, 2024:
March 31,
2025		December 31,
2024
Third Point Enhanced LP (1) (2)
$83.8 $87.6 
Third Point Venture Offshore Fund I LP (2)
26.4 24.0 
Third Point Venture Offshore Fund II LP (2)
6.3 4.9 
Third Point Optimized Credit Portfolio (3)
618.7 595.8 
Total investments managed by related parties$735.2 $712.3 
(1)On February 28, 2025, the Company provided notice to Third Point LLC of its intent to redeem all of its capital accounts for Third Point Enhanced LP as of March 31, 2026.
(2)The Third Point Enhanced LP, Third Point venture Offshore Fund I LP, and Third Point Venture Offshore Fund II LP are reported in Other long-term investments in the consolidated balance sheets.
(3)The Third Point Optimized Credit Portfolio is reported in Debt securities, available for sale and trading, in the consolidated balance sheets.
The total management, advisory and performance fees to related parties for the three months ended March 31, 2025 and 2024 were as follows:
20252024
Management and advisory fees$1.1 $1.7 
Performance fees(0.2)0.4 
Total management, advisory and performance fees to related parties (1)
$0.9 $2.1 
(1)Management, advisory and performance fees to related parties, where applicable, are presented within Net realized and unrealized investment gains in the consolidated statements of income.