a wholly-owned subsidiary of the company is a registered life insurance company that maintains separate account assets , representing segregated funds held for purposes of funding individual and group pension contracts , and equal and offsetting separate account liabilities .at decem - ber 31 , 2008 and 2007 , the level 3 separate account assets were approximately $ 4 and $ 12 , respectively .the changes in level 3 assets primarily relate to purchases , sales and gains/ ( losses ) .the net investment income and net gains and losses attributable to separate account assets accrue directly to the contract owner and are not reported as non-operating income ( expense ) on the consolidated statements of income .level 3 assets , which includes equity method investments or consolidated investments of real estate funds , private equity funds and funds of private equity funds are valued based upon valuations received from internal as well as third party fund managers .fair valuations at the underlying funds are based on a combination of methods which may include third-party independent appraisals and discounted cash flow techniques .direct investments in private equity companies held by funds of private equity funds are valued based on an assessment of each under - lying investment , incorporating evaluation of additional significant third party financing , changes in valuations of comparable peer companies and the business environment of the companies , among other factors .see note 2 for further detail on the fair value policies by the underlying funds .changes in level 3 assets measured at fair value on a recurring basis for the year ended december 31 , 2008 .
[['', 'investments', 'other assets'], ['december 31 2007', '$ 1240', '$ 2014'], ['realized and unrealized gains / ( losses ) net', '-409 ( 409 )', '-16 ( 16 )'], ['purchases sales other settlements and issuances net', '11', '2'], ['net transfers in and/or out of level 3', '-29 ( 29 )', '78'], ['december 31 2008', '$ 813', '$ 64'], ['total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets stillheld at the reporting date', '$ -366 ( 366 )', '$ -17 ( 17 )']]
total net ( losses ) for the period included in earnings attributable to the change in unrealized gains or ( losses ) relating to assets still held at the reporting date $ ( 366 ) $ ( 17 ) realized and unrealized gains and losses recorded for level 3 assets are reported in non-operating income ( expense ) on the consolidated statements of income .non-controlling interest expense is recorded for consoli- dated investments to reflect the portion of gains and losses not attributable to the company .the company transfers assets in and/or out of level 3 as significant inputs , including performance attributes , used for the fair value measurement become observable .6 .variable interest entities in the normal course of business , the company is the manager of various types of sponsored investment vehicles , including collateralized debt obligations and sponsored investment funds , that may be considered vies .the company receives management fees or other incen- tive related fees for its services and may from time to time own equity or debt securities or enter into derivatives with the vehicles , each of which are considered variable inter- ests .the company engages in these variable interests principally to address client needs through the launch of such investment vehicles .the vies are primarily financed via capital contributed by equity and debt holders .the company 2019s involvement in financing the operations of the vies is limited to its equity interests , unfunded capital commitments for certain sponsored investment funds and its capital support agreements for two enhanced cash funds .the primary beneficiary of a vie is the party that absorbs a majority of the entity 2019s expected losses , receives a major - ity of the entity 2019s expected residual returns or both as a result of holding variable interests .in order to determine whether the company is the primary beneficiary of a vie , management must make significant estimates and assumptions of probable future cash flows and assign probabilities to different cash flow scenarios .assumptions made in such analyses include , but are not limited to , market prices of securities , market interest rates , poten- tial credit defaults on individual securities or default rates on a portfolio of securities , gain realization , liquidity or marketability of certain securities , discount rates and the probability of certain other outcomes .vies in which blackrock is the primary beneficiary at december 31 , 2008 , the company was the primary beneficiary of three vies , which resulted in consolidation of three sponsored investment funds ( including two cash management funds and one private equity fund of funds ) .creditors of the vies do not have recourse to the credit of the company .during 2008 , the company determined it became the primary beneficiary of two enhanced cash management funds as a result of concluding that under various cash 177528_txt_59_96:layout 1 3/26/09 10:32 pm page 73 .

Question: what percent did the realized and unrealized losses effect the assets as of 2008?
Answer: 33.47%