Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 46

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 46
---
ARRYING VALUE OF CONSOLIDATED VARIABLE INTEREST ENTITIES
   (Dollars in Thousands)

       March 31, 2025    December 31, 2024  
 Cash and cash equivalents  $22  $59 
 Other receivables   -   19 
 Receivables from brokers, dealers, and clearing agencies   -   2,154 
 Other investments, at fair value   544   5,680 
 Investment in equity method affiliates   17,672   15,881 
 Accounts payable and other liabilities   -   (4)
 Other investments sold, not yet purchased, at fair value   -   (1,591)
 Non-controlling interest   (8,360)  (11,460)
 Investment in consolidated VIEs  $9,878  $10,738 

   The maximum potential loss the Company could incur related to the consolidated VIEs is the investment in consolidated VIEs shown in the table above.
    
   The Company’s Principal Investing Portfolio
   ﻿ 
   Included in other investments, at fair value and investment in equity method affiliates in the consolidated balance sheets are investments in several VIEs.  In each case, the Company determined it was not the primary beneficiary.  The maximum potential financial statement loss the Company would incur if the VIEs were to default on all their obligations would be the loss of the carrying value of these investments as well as any future investments the Company were to make.  As of  March 31, 2025 and  December 31, 2024, there were $10,118 and $10,118, respectively, of unfunded commitments to VIEs in which the Company had invested.  Other than its investment in these entities, the Company did not provide financial support to these VIEs during the three months ended  March 31, 2025 and 2024 and had no liabilities, contingent liabilities, or guarantees (implicit or explicit) related to these VIEs at  March 31, 2025 and  December 31, 2024.  See the table below. 
   ﻿ 
   For each investment management contract entered into by the Company, the Company assesses whether the entity being managed is a VIE and if the Company is the primary beneficiary.  Certain of the Investment Vehicles managed by