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Our clients need capital, and our debt brokerage team did a fantastic job finding the appropriate capital for their needs. Importantly and atypically, over half of our Q1 debt brokerage dealflow was on non-multifamily assets in retail, hospitality, industrial, and office. Steve DeLaney -- JMP Securities -- Analyst Sure.
Nonoperating results for the quarter included $90 million of net investment gains, driven primarily by mark-to-market noncash gains on our unhedged seed capitalinvestments and minority investment in Investec. Operating income of $1.8 billion was up 17% and earnings per share of $9.81
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. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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
But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side. And there’s been plenty of comment there. Are there some conflict of interest involved here?
Nonoperating results for the quarter included 113 million of net investment gains, driven primarily by noncash mark-to-market gains on our unhedged seed capitalinvestments and minority investments. Long-term outcomes and future liability matching needs more than a 5% return. My assets reached my liability level.
We're talking about excellent counterparties, on average rated AA, and the capitalinvestment of these enterprises is expected to measure in the trillions of dollars over the next several years. Similarly, Atalaya and our credit teams have been active in sourcing investment-grade flow.
And as BIP has continued to scale, it has in turn enhanced the firm's intellectual capital, relationships, and dealflow, supporting our growth in other areas, including our $90 billion infrastructure and asset-based credit platform, our infrastructure Secondaries business and our dedicated energy and energy transition focused funds.
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