Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 105

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 2
Chunk 105
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 to fund portfolio investments, organization expenses, partnership expenses, management fees, or other amounts in lieu of calling capital from limited partners for such purposes, gross and net IRR of the fund differs from what the IRR would have been if such borrowings or financings had not been utilized. Because IRR is calculated based on the actual dates of capital contributions from, and distributions to, limited partners (rather than based on the timing of when investments were made, for example), the use of such borrowings and financings in lieu or in advance of calling capital delays capital contributions from limited partners, generally resulting in higher IRRs than if such borrowings or financings had not been utilized and capital was called earlier from limited partners..

(10)    Our funds generally permit us to recycle certain capital distributed to limited partners during certain time periods. The exclusion of recycled capital generally causes invested and realized amounts to be lower and MOICs to be higher than had recycled capital been included. 

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Results of Operations

 Three Months Ended March 31,(In thousands)20252024ChangeRevenuesFee revenue$90,139 $72,955 $17,184 Carried interest allocation(55,464)(8,478)(46,986)Principal investment income5,307 2,845 2,462 Other income5,465 7,071 (1,606)Total revenues45,447 74,393 (28,946)ExpensesCompensation expense—cash and equity-based46,110 51,184 (5,074)Compensation expense—incentive fee and carried interest allocation(22,304)(6,714)(15,590)Administrative and other expenses15,946 24,310 (8,364)Interest expense3,898 5,192 (1,294)Transaction-related costs4,421 760 3,661 Depreciation and amortization7,226 9,167 (1,941)Total expenses55,297 83,899 (28,602)Other income (loss)Other gain (loss), net(519)(5,894)5,375 Income (Loss) before income taxes(10,369)(15,400)5,031 Income tax benefit (expense)(301)(1,246)945 Income (Loss) from continuing operations(10,670)(16,646)5,976 Income (Loss) from discontinued operations (