Company: DBRG
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001679688-25-000084
Chunk: 76

Company: DigitalBridge Group, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 1
Chunk 76
---
 excludes capital not subject to fees and/or carried interest, including the portion of capital attributable to the general partner and general partner affiliate. As fees may vary by individual investor, net IRR does not represent the return of any individual investor.

With respect to funds that have utilized borrowings from a credit facility 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. 

37

Results of Operations

 Three Months Ended June 30,Six Months Ended June 30,(In thousands)20252024Change20252024ChangeRevenuesFee revenue$85,262 $78,605 $6,657 $175,401 $151,560 $23,841 Carried interest allocation (reversal)(115,074)288,244 (403,318)(170,538)279,766 (450,304)Principal investment income20,437 15,982 4,455 25,744 18,827 6,917 Other income6,168 7,505 (1,337)11,633 14,576 (2,943)Total revenues(3,207)390,336 (393,543)42,240 464,729 (422,489)ExpensesCompensation expense—cash and equity-based47,002 51,661 (4,659)93,112 102,845 (9,733)Compensation expense—incentive fee and carried interest allocation (reversal)(43,372)178,430 (221,802)(65,676