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Since 2017, the syndicate has deployed $8.4m across 25 investments into 16 companies. If I am doing my job right the first time in “picking winners”, at least for a few subsequent rounds, our best dealflow should come from our existing portfolio. I estimate the current value to be $15.5m since 2019.
The company, which was launched in 2013 under the Fortress Investment Group, was again set up to capitalizeinvestment opportunities in real estate and the financial services space. The scoped at $34 billion asset manager complements Rithm's 7 billion of permanent capital, as well as our $30 billion-plus balance sheet.
Nonoperating results for the quarter included $108 million of net investment gains, driven primarily by gains linked to a minority investment and unhedged seed capitalinvestments. Earnings per share of $11.46 increased 5%, reflecting a higher tax rate compared to a year ago.
But I would add, we had just gone public at the time, 2017. So that was in 2017, we went public on Euronext Paris. We launched our very first growth private equity strategy in 2017-2018, way before it has, as I said, become a must-have strategy for many managers and for many allocators. Is it just the size of the US market?
These proceeds contributed to funding the Venetian capitalinvestment we announced in Q2. But as we look at 2025 and given what we're working on, we remain confident that we are going to be bringing to the table both gaming and nongaming deals, big and small. We currently have approximately $2.9 John, do you want to add to that.
We've been investing successfully in energy infrastructure projects for over a decade, other private equity and credit funds, which along with our extraordinary real estate franchise made infrastructure natural extension as a new business line. In 2017, we saw a historic investment opportunity emerging in the U.S. Jonathan D.
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