11 . other assets the company accounts for its interest in pennymac as an equity method investment , which is included in other assets on the consolidated statements of financial condition . the carrying value and fair value of the company 2019s interest ( approximately 20% ( 20 % ) or 16 million shares and non-public units ) was approximately $ 342 million and $ 348 million , respectively , at december 31 , 2017 and approximately $ 301 million and $ 259 million , respectively , at december 31 , 2016