Company: DBRG
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001679688-25-000017
Chunk: 196

Company: DigitalBridge Group, Inc.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 196
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,154 LiabilitiesOther liabilitiesInfraBridge contingent consideration — — 6,100 6,100 DBRG stock warrants— — 700 700 Securities of consolidated funds sold short 47,930 — — 47,930 December 31, 2023AssetsInvestments (Note 4)Marketable equity securities$17,487 $— $— $17,487 CLO subordinated notes— — 50,927 50,927 Equity investments of consolidated funds66,297 — 416,614 482,911 Fair Value Option:Equity method investment— — 6,700 6,700 LiabilitiesOther liabilitiesInfraBridge contingent consideration — — 11,338 11,338 DBRG stock warrants— — 39,200 39,200 Securities of consolidated funds sold short 38,481 — — 38,481 Equity Investments of Consolidated FundsEquity investments of consolidated funds include marketable equity securities held by our liquid strategy funds, valued based upon listed prices in active markets, classified as Level 1; and equity investments in digital infrastructure portfolio companies held by single asset funds. The marketable equity securities comprise publicly listed stocks in the U.S. and Europe, and primarily in the digital infrastructure, real estate, technology, media and telecommunications sectors. Theother equity investment, classified as level 3, was valued at December 31, 2024 using a market approach that considers revenue multiples of other comparable companies, and at December 31, 2023, was carried at its recent transacted price. Additionally, at December 31, 2023, fair value of an underlying portfolio company held by two single asset funds, prior to deconsolidation of the funds (Note 2), was determined using a discounted cash flow model based upon projected net operating income of the investee with exit capitalization rate of 5.5% and discounted at 10.4%, classified as level 3.In April 2024, two single asset funds were deconsolidated as the Company no longer holds a controlling financial interest in these funds. The Company's co-investment in Vantage SDC, the portfolio company of the underlying funds, was restructured and is no longer held through the funds, but through a parallel vehicle. The deconsolidation of these funds resulted in a removal of approximately $263.0