Investments in unconsolidated entities

Sirius Group's investments in unconsolidated entities are included within Other long-term investments and consist of investments in common equity securities or similar instruments, which give Sirius Group the ability to exert significant influence over the investee's operating and financial policies ("equity method eligible unconsolidated entities"). Such investments may be accounted for under either the equity method or, alternatively, Sirius Group may elect to account for them under the fair value option.

The following table presents the components of Other long-term investments as of December 31, 2019 and 2018:



(Millions)	2019		2018
Equity method eligible unconsolidated entities, at fair value	$	151.9	$	169.4
Other unconsolidated investments, at fair value⁽¹⁾	194.9		195.6
Total Other long-term investments⁽²⁾	$	346.8	$	365.0

⁽¹⁾Includes Other long-term investments that are not equity method eligible.

⁽²⁾There were no investments accounted for using the equity method as of December 31, 2019 and 2018.

Equity method eligible unconsolidated entities, at fair value

Sirius Group has elected the Fair Value Option to account for its equity method eligible investments accounted for as part of Other long-term investments for consistency of presentation with rest of its investment portfolio. The following table presents Sirius Group's investments in equity method eligible unconsolidated entities as of December 31, 2019 and 2018:



	Ownership interest as of December 31,
Investee	2019		2018		Instrument Held
BE Reinsurance Limited	24.9	%	25.0	%	Common shares
BioVentures Investors (Offshore) IV ﾠLP	73.0	%	73.0	%	Units
Camden Partners Strategic Fund V (Cayman),ﾠ LP	39.4	%	36.4	%	Units
Diamond LS I LP	16.0	%	3.9	%	Units
Gateway Fund LP	15.0	%	—	%	Units
Monarch	12.8	%	12.8	%	Units
NEC Cypress BuyerﾠLLC⁽¹⁾	—	%	13.3	%	Units
New Energy Capital Infrastructure Credit Fundﾠ LP	30.5	%	22.9	%	Units
New Energy Capital Infrastructure Offshore Credit Fundﾠ LP	30.5	%	54.9	%	Units
Pie Preferred Stock⁽²⁾	30.1	%	—	%	Preferred shares
Pie Series B Preferred Stock⁽²⁾	22.4	%	—	%	Preferred shares
Quintana Energy Partners	21.8	%	21.8	%	Units
Tuckerman Capital VﾠLP	48.3	%	47.6	%	Units
Tuckerman Capital V Co-Investment IﾠLP	48.1	%	47.7	%	Units

⁽¹⁾The ownership of NEC Cypress Buyer LLC was liquidated in 2019.

⁽²⁾Sirius Group holds investments in several financing instruments of Pie Insurance Holdings, Inc.

The following tables present aggregated summarized financial information for Sirius Group's investments in equity method eligible unconsolidated entities:



	As of December 31,
(Millions)	2019		2018
Balance sheet data:
Total assets	$	594.5	$	591.1
Total liabilities	$	47.6	$	28.7



	For the years ended December 31,
(Millions)	2019			2018			2017
Income statement data:
Revenues	$	72.7		$	55.4		$	60.3
Expenses	$	(30.2	)	$	(25.1	)	$	(28.8	)