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Consolidated Sponsored Investment Products (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule of Investments [Abstract]  
Balances Related To CSIP
The following table presents the balances related to CSIP that were included on the Consolidated Balance Sheet at December 31, 2015.
$ in millions
December 31, 2015
Investments of CSIP
290.3

Cash and cash equivalents of CSIP
21.9

Accounts receivable and other assets of CSIP
6.9

Assets of CSIP
319.1

Other liabilities of CSIP
(4.4
)
Equity attributable to redeemable noncontrolling interests
(167.3
)
Equity attributable to nonredeemable noncontrolling interests
(40.8
)
Invesco's net interests in CSIP
106.6
Fair Value Hierarchy Levels Of Investments Held By CSIP
The carrying value of investments held by CSIP is also their fair value. The following table presents the fair value hierarchy levels of investments held by CSIP, which are measured at fair value as of December 31, 2015:

 
As of December 31, 2015
$ in millions
Fair Value Measurements
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Other
Unobservable
Inputs
(Level 3)
 
Investments Measured at NAV as a practical expedient
Investments:
 
 
 
 
 
 
 
 
 
Fixed income securities
204.2

 
—

 
204.2

 
—

 
—

Equity securities
0.7

 
0.7

 
—

 
—

 
—

Investments in fixed income funds*
35.0

 
—

 
—

 
—

 
35.0

Investments in other private equity funds*
50.4

 
—

 
—

 
—

 
50.4

Total investments at fair value
290.3

 
0.7

 
204.2

 
—

 
85.4


The table below summarizes as of December 31, 2015, the nature of investments that are valued using the NAV as a practical expedient and any related liquidation restrictions or other factors which may impact the ultimate value realized:

 
As of December 31, 2015
 
Fair Value
($ in millions)
 
Total Unfunded Commitments ($ in millions)
 
Weighted Average Remaining Term (1)
 
Redemption Frequency
 
Redemption Notice Period
Fixed income funds
35.0
 
—

 
n/a
 
Monthly
 
10 days
Private equity fund of funds
50.4
 
33.2
 
7.9 years
 
n/a (2)
 
n/a (2)
____________

(1) These investments are expected to be returned through distributions as a result of liquidations of the funds' underlying assets over the weighted average periods indicated.
(2) These investments are not subject to redemption; however, for certain funds, the investors may sell or transfer their interest, which may require approval by the general partner of the underlying funds.
Reconciliation of Significant Unobservable Inputs
Refer to Note 20, "Consolidated Investment Products," for additional discussion regarding the fair value of private equity funds.