Company: DBRG
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001679688-25-000043
Chunk: 87

Company: DigitalBridge Group, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 87
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ity investments of consolidated funds86,350 — 63,154 149,504 Fair Value Option:Equity method investment— — 137,254 137,254 LiabilitiesOther liabilitiesInfraBridge contingent consideration — — 2,200 2,200 DBRG stock warrants— — 100 100 Securities of consolidated funds sold short 53,822 — — 53,822 December 31, 2024AssetsInvestments (Note 3)Marketable equity securities$242 $— $— $242 CLO subordinated notes— — 35,122 35,122 Equity investments of consolidated funds83,269 — 63,154 146,423 Fair Value Option:Equity method investment— — 137,154 137,154 LiabilitiesOther liabilitiesInfraBridge contingent consideration — — 6,100 6,100 DBRG stock warrants— — 700 700 Securities of consolidated funds sold short 47,930 — — 47,930 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 investment in a digital infrastructure portfolio company held by a single asset fund. 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. The other equity investment, classified as level 3, was valued at March 31, 2025 using a market approach that considers revenue multiples of other comparable companies.Fair Value OptionEquity Method InvestmentsThe Company has elected to account for a co-investment in a portfolio company as an equity method investment under the fair value option. Fair value was determined using a discounted cash flow model based upon projected earnings using a discount rate of 11.0% at both March 31, 2025 and December 31, 2024. The fair value is classified as Level 3 of the fair value hierarchy and changes in fair value are recorded in principal investment income. DBRG Stock WarrantsThe Company previously issued five warrants to affiliates of Wafra, Inc. (collectively "Wafra"), a private investment firm in connection with Wafra's investment in the Company's investment management business in 2020. Waf