Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
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Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
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Item 7.  Management’s Discussion and Analysis of Financial Condition and Results of Operations. 

The following discussion should be read in conjunction with our consolidated financial statements and accompanying notes thereto, which are included in Item 8. "Financial Statements and Supplementary Data" of this Annual Report.

Significant Developments 

The following summarizes significant developments that affected our business and results of operations in 2024 and through the date of this filing.

Capital Raise

•In 2024, we raised $9.0 billion of capital, primarily for various co-investment vehicles and the third series in our flagship value-add strategy. 

Financing

•In 2024, we further reduced our leverage with the full exchange/redemption of our remaining $78 million of 5.75% senior notes, which resulted in annual interest savings of approximately $4.5 million. $73 million of note principal was exchanged for 8.2 million shares of the Company's class A common stock and $5 million of note principal was redeemed for cash.

Return of Capital

•We completed the monetization of marketable equity securities that form non-core investments for total net proceeds of $43 million.

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•In February 2025, we received proceeds of approximately $59 million in connection with our participation in a secondary sale of equity by our DataBank portfolio company and approximately $1 million of net carried interest.

Fund Performance Metrics 

Certain performance metrics for our key investment funds from inception through December 31, 2024 are presented in the table below. Excluded are funds with less than one year of performance history as of December 31, 2024, funds and separately managed accounts in the liquid strategy, co-investment vehicles and separately capitalized portfolio companies. The historical performance of our funds is not indicative of their future performance nor indicative of the performance of our other existing funds or of any of our future funds. An investment in DBRG is not an investment in any of our funds and these fund performance metrics are not indicative of the performance of DBRG. 

($ in millions)Inception Date (2)Total CommitmentsInvested Capital (3)Available Capital (4)Investment ValueMOIC (7) (9)IRR (8) (9)Fund (1)UnrealizedRealized (5)Total (6)GrossNetGrossNetValue-AddDBP IMar-2018$4,059 $4,838 $206