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Unconsolidated Affiliates (Tables)
9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments in Unconsolidated Affiliates

Investments in unconsolidated affiliates are as follows (in millions):

 

 

 

 

September 30, 2023

 

 

December 31, 2022

 

 

 

Ownership Percentage

 

Carrying Value

 

 

Excess carrying value of investment over proportionate share of net assets

 

 

Carrying Value

 

 

Excess carrying value of investment over proportionate share of net assets

 

Orbit Private Investments L.P.

 

9.8%

 

$

154.1

 

 

$

 

 

$

115.3

 

 

$

 

International Financial Data Services L.P.

 

50.0%

 

 

66.8

 

 

 

32.3

 

 

 

85.1

 

 

 

34.8

 

Pershing Road Development Company, LLC

 

50.0%

 

 

9.9

 

 

 

56.0

 

 

 

10.6

 

 

 

57.9

 

Broadway Square Partners, LLP

 

50.0%

 

 

53.7

 

 

 

29.7

 

 

 

53.8

 

 

 

30.3

 

Other unconsolidated affiliates

 

 

 

 

1.8

 

 

 

 

 

 

2.1

 

 

 

 

Total

 

 

 

$

286.3

 

 

$

118.0

 

 

$

266.9

 

 

$

123.0

 

Schedule of Equity in Earnings of Unconsolidated Affiliates

Equity in earnings of unconsolidated affiliates, net are as follows (in millions):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Orbit Private Investments L.P.

 

$

26.4

 

 

$

 

 

$

38.8

 

 

$

 

International Financial Data Services L.P.

 

 

1.1

 

 

 

(0.6

)

 

 

3.6

 

 

 

0.6

 

Pershing Road Development Company, LLC

 

 

0.2

 

 

 

(5.2

)

 

 

(0.7

)

 

 

(5.1

)

Broadway Square Partners, LLP

 

 

 

 

 

0.7

 

 

 

 

 

 

1.9

 

Other unconsolidated affiliates

 

 

(0.2

)

 

 

 

 

 

0.9

 

 

 

(0.1

)

Total

 

$

27.5

 

 

$

(5.1

)

 

$

42.6

 

 

$

(2.7

)