Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 89

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 89
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 amount, classified as Level 3 of the fair value hierarchy. Changes in Level 3 Fair Value The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss).Level 3 AssetsLevel 3 LiabilitiesFair Value Option - Equity Method InvestmentsEquity Investment of Consolidated FundsDBRG Stock WarrantsInfraBridge Contingent Consideration(In thousands)Fair value at December 31, 2023$6,700 $416,614 $(39,200)$11,338 Unrealized gain (loss) in earnings, net(3,975)— (5,400)— Reclassification to equity— — 33,000 — Fair value at March 31, 2024$2,725 $416,614 $(11,600)$11,338 Net unrealized gain (loss) in earnings on instruments held at March 31, 2024$(3,975)$— $(2,500)$—  Fair value at December 31, 2024$137,154 $63,154 $(700)$(6,100)Unrealized gain (loss) in earnings, net100 — 600 3,900 Fair value at March 31, 2025$137,254 $63,154 $(100)$(2,200)Net unrealized gain (loss) in earnings on instruments held at March 31, 2025$100 $— $600 $3,900 Nonrecurring Fair ValuesThe Company measures fair value of certain assets on a nonrecurring basis: (i) on the acquisition date for business combinations; (ii) when events or changes in circumstances indicate that the carrying value of the assets may not be recoverable; and (iii) upon deconsolidation of a subsidiary for any retained interest. Adjustments to fair value generally result from application of the lower of amortized cost or fair value for assets held for disposition or otherwise, a write-down of asset values due to impairment. There were no assets measured at fair value on a nonrecurring basis at March 31, 2025. 

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During 2024, certain warehoused investments, previously carried at cost under the measurement alternative, were determined to be impaired and written down to fair value, estimated based upon pricing from a recent funding, or applying