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Related Party Transactions
9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
Affiliated Investments
The Company entered into investment management agreements with Blackstone ISG-I Advisors LLC ("BISGA"), a wholly-owned subsidiary of The Blackstone Group LP ("Blackstone"), and certain subsidiaries of the Company on December 1, 2017. The Company paid $23 to BISGA upon the close of the merger for services rendered related to the transaction and BISGA will forego approximately 30% of the first thirteen months’ management fee to which it is entitled under the investment management agreement. As of September 30, 2018, the Company has a net liability of $14 for the services consumed under this investment management agreement, partially offset by fees received and expense reimbursements from BISGA.
The Company holds certain fixed income security interests, limited partnerships and bank loans issued by portfolio companies that are affiliates of Blackstone Tactical Opportunities, an affiliate of Blackstone Tactical Opportunities LR Associates-B (Cayman) Ltd. (the “Blackstone Fixed Income Securities”) both on a direct and indirect basis.  Indirect investments include an investment made in an affiliates’ asset backed fund while direct investments are an investment in affiliates' equity or debt securities.  As of September 30, 2018 and December 31, 2017, the Company held $445 and $188 in affiliated investments, respectively, which includes foreign exchange unrealized loss of $(1) and $0, respectively. In addition, as of September 30, 2018, the Company had commitments to invest in 11 other affiliated investments. The unfunded commitments relating to these affiliated investments at September 30, 2018 is $717.
The Company paid-in-kind dividends on preferred shares held by GSO Capital Partners, an indirect wholly owned subsidiary of The Blackstone Group LP, of 5 thousand shares and 15 thousand shares for the three and nine months ended September 30, 2018, respectively.
The Company had no gross realized gains or realized impairment losses on related party investments during the three and nine months ended September 30, 2018.
The Company had $(1) and $(3) gross realized gains (losses), inclusive of impairment losses on related party investments during the Predecessor three and nine months ended September 30, 2017, respectively.
FSRC (Predecessor)
FGL Insurance reinsures certain liabilities and obligations to FSRC. For the three and nine months ended September 30, 2017, FGL Insurance ceded $0 and $1 of premium revenue and $12 and $37 of benefits and other changes in policy reserves, respectively, to FSRC. There are no ceded operating results related to the FGL Insurance and FSRC reinsurance agreement reported in the unaudited Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018 as such amounts are eliminated on consolidation.