Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 400

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 8
Chunk 400
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 our subsidiaries. We maintain an investment portfolio comprised of public and private equities and debt securities. We also opportunistically provide loans to our clients and we engage in securities-based lending which involves the borrowing and lending of equity and fixed income securities.

 Our investment approach is value-oriented and represents a core competency of our capital markets strategy. We act as an advisor to our clients, which at times involves complex transactions consistent with our value-oriented investment philosophy. We often provide consulting, capital raising, or investment banking services for companies in which B. Riley may have significant influence through equity ownership, representation on the board of directors (or similar governing body), or both.

In our Capital Markets segment we have a portfolio of loans receivable that consisted of the following at September 30, 2024 and December 31, 2023:

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Fair Value Adjustments on LoansLoans Receivable, at Fair ValueThree Months EndedSeptember 30,Nine Months EndedSeptember 30,Industry or Type of LoanSeptember 30, 2024December 31, 20232024202320242023Related Party Loans:Vintage Capital Management, LLCRetail / consumer$2,250 $200,506 $(54,333)$— $(222,718)$— Freedom VCM Receivables, Inc.Consumer receivable portfolio9,310 42,183 534 419 (13,187)419 Conn's, Inc.Retail / consumer63,705 104,760 (18,600)— (27,084)— W.S. Badcock CorporationConsumer receivable portfolio3,141 20,624 852 (5,185)(5,993)(5,185)Other related party loansServices, Oil & Gas and Industrial19,886 10,695 2,779 107 3,470 (1,439)Total related party98,292 378,768 (68,768)(4,659)(265,512)(6,205)Excela Technologies, Inc.Technology36,609 50,296 (221)4,420 47 2,575 Core Scientific, Inc.Technology— 45,509 — (757)8,473 34,785 Other loansVarious16,803 57,846 (2,488)136 (2,268)20,468 Total$151,704 $532,419 $(71,477)$(860)$(