9. Other non-current financial assets – Other investments

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

€ million 6/30/2015
  12/31/2014
Change
Investments measured at fair value        
- The Black Ant Value Fund 398.6   392.0 6.6
- Fondi Perella Weinberg 12.1   13.0 (0.9)
- Other funds
151.9 (a) 77.1 74.8
 562.6 482.180.5
Investments measured at amortized cost        
- Bonds held to maturity
76.3   76.3 0.0
Total 638.9   558.4 80.5
(a) These include funds that invest in specific geographical areas or in specific sectors.

The net increase in The Black Ant Value Fund of €6.6 million is due to the positive fair value adjustment of €26.2 million, partially 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 from the realization of a part of the fair value reserve. At June 30, 2015 the positive fair value adjustment recognized in equity amounts to €141.4 million.

The net decrease in the Perella Weinberg Funds of €0.9 million is due principally to the redemption of the NoCo B and Perella Weinberg Real Estate I Funds respectively for $1.3 million (€1.1 million) and €1.1 million, partially offset by the positive fair value adjustment of €1 million and investments during the period of €0.3 million. At June 30, 2015 the net loss of €0.7 million relates to the realization of a part of the fair value reserve.
At June 30, 2015 the remaining investment commitments in NoCo B L.P. and in the Perella Weinberg Real Estate I Funds total, respectively, $8.3 million (€7.4 million) and €20.6 million.

Commercial Register No.64236277 Legal notes | Credits