9. Other non-current financial assets – Other investments

Details are as follows:

€ million 06/30/2012   12/31/2012 Change
Investments measured at fair value        
- The Black Ant Value Fund 302.9 (a) - 302.9
- Perella Weinberg Funds 88.1   70.0 18.1
- Immobiliare RHO Fund 12.0   12.4 (0.4)
- Other 14.2   8.4 5.8
  417.2   90.8 326.4
Investments measured at amortized cost        
- Bonds held to maturity 114.3   114.4 (0.1)
Other investments 1.4   1.3 0.1
Total 532.9   206.5 326.4
a) Includes the positive fair value adjustment of €2.9 million recognized in the equity reserves.

On June 1, 2012 EXOR finalized a €300 million investment in an Irish-registered fund managed solely for EXOR by The Black Ant Group LLP; the fund principally invests in equity and credit instruments. The investment has a time frame of five years.

The net increase in the Perella Weinberg Funds,equal to €18.1 million, is attributable to investments made inNoCo B LP for €15.4 million and by the positive fair value adjustment for €4.9 million (with recognition in equity), offset in part by reimbursements for €2.2 million. At June 30, 2012, the remaining investment commitments in NoCo B LP and in the Perella Weinberg Real Estate I Fund amount, respectively, to $14.3 million (€11.3 million) and €2.9 million.

 

Commercial Register No.64236277 Note legali | Credits