7. Other non-current financial assets – Other investments

These are available-for-sale and held-to-maturity financial assets. Details are as follows:

€ million
3/31/2015
12/31/2014
Change
Investments measured at fair value      
- The Black Ant Value Fund 392.1  392.0  0.1 
- Perella Weinberg Funds
13.4  13.0  0.4 
- Rho Immobiliare Fund
11.3  11.3  0.0 
- Other funds
91.6  65.8  25.8 
    508.4  482.1  26.3 
Investments measured at amortized cost      
- Held-to-maturity bonds
76.3  76.3  0.0 
Total 584.7  558.4  26.3 

The net increase in The Black Ant Value Fund of €0.1 million is due to the positive fair value adjustment of €19.7 million and offset by the redemption of 135,375 shares, according to the agreements signed and taking into account the positive performance recorded during 2014, for a total equivalent amount of €19.6 million. The redemption resulted in a net gain of €6.1 million on the realization of a part of the fair value reserve. At March 31, 2015 the positive fair value adjustment recognized in equity amounts to €134.8 million.

The net increase in the Perella Weinberg Funds of €0.4 million is due principally to the positive fair value adjustment of €1.2 million and investments made during the period of €0.3 million, partially offset by the Noco B and Perella Weinberg Real Estate I Funds, respectively, of $0.4 million (€0.3 million) and €0.8 million. The net loss realized is €0.3 million. At March 31, 2015 a positive fair value adjustment was recorded in equity amounting to €1 million.
The remaining investment commitments in NoCo B L.P. and in the Perella Weinberg Real Estate I Funds total, respectively, $7.6 million (€7.1 million) and €20.1 million.

Commercial Register No.64236277 Legal notes | Credits