Company: DBRG
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001679688-25-000100
Chunk: 81

Company: DigitalBridge Group, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 81
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RR 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 September 30,Nine Months Ended September 30,(In thousands)20252024Change20252024ChangeRevenuesFee revenue$93,300 $76,582 $16,718 $268,701 $228,142 $40,559 Carried interest allocation (reversal)(120,213)(15,799)(104,414)(290,751)263,967 (554,718)Principal investment income25,325 9,955 15,370 51,069 28,782 22,287 Other income5,406 5,387 19 17,039 19,963 (2,924)Total revenues3,818 76,125 (72,307)46,058 540,854 (494,796)ExpensesCompensation expense—cash and equity-based49,315 43,426 5,889 142,427 146,271 (3,844)Compensation expense—incentive fee and carried interest allocation (reversal)(54,000)(8,474)(45,526)(119,676)163,242 (282,918)Administrative and other expenses15,118 27,193 (12,075)42,504 78,011 (35,507)Interest expense4,731 4,129 602 13,199 12,457 742 Transaction-related costs956 1,771 (815)9,585 3,202 6,383 Depreciation and amortization7,130 8,227