Company: MHLA
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001412100-25-000043
Chunk: 306

Company: Maiden Holdings, Ltd.
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 2
Chunk 306
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%Other equity method investments20,701 8.1 %23,746 9.4 %Total equity method investments$78,841 31.0 %$81,287 32.3 %Private equity funds$27,098 10.7 %$25,123 10.0 %Private credit investments1,808 0.7 %1,909 0.8 %Privately held equity investments48,677 19.1 %46,301 18.4 %Investments in direct lending entities (at cost)85,975 33.8 %83,683 33.3 %Total other investments$163,558 64.3 %$157,016 62.5 %      Total alternative investments$254,249 100.0 %$251,450 100.0 %

Our allocation to alternative investments increased to 50.8% of our total cash and investments held as of March 31, 2025 compared to 48.5% as of December 31, 2024, the combination of additional funding of certain investments based on pre-existing commitments and increases in value in select investments. In addition to the categories described above, we also evaluate our alternative investments by the following asset classes: 

March 31, 2025December 31, 2024($ in thousands)Carrying Value% of TotalCarrying Value% of TotalPrivate Equity$58,922 23.2 %$58,031 23.1 %Private Credit1,808 0.7 %1,909 0.7 %Alternatives103,597 40.7 %104,790 41.7 %Venture Capital26,196 10.3 %23,533 9.4 %Real Estate63,726 25.1 %63,187 25.1 %Total alternative investments$254,249 100.0 %$251,450 100.0 %

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For further details on these alternative investments, see "Notes to Condensed Consolidated Financial Statements: Note 4(b) Other Investments, Equity Securities and Equity Method Investments" included under Part I Item 1. "Financial Information" of this Report on Form 10-Q. Within these asset classes, our portfolio broadly consists of the following types of investments:

•Private Equity –