Bridge Investment Group Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents assets that are measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 (in thousands):


	Level 1		Level 2		Level 3		Measured at NAV		Total
June 30, 2024
Assets:
Common shares in publicly traded company	$	101	$	—	$	—	$	—	$	101
Exchange traded funds	2,750		—		—		—		2,750
Mutual funds	19,220		—		—		—		19,220
Accrued performance allocations	—		—		—		338,855		338,855
Partnership interests	—		—		—		172,581		172,581
Other investments	—		—		12,325		—		12,325
Total assets at fair value	$	22,071	$	—	$	12,325	$	511,436	$	545,832

Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	3,133	$	3,133

December 31, 2023
Assets:
Common shares in publicly traded company	$	135	$	—	$	—	$	—	$	135
Exchange traded funds	2,843		—		—		—		2,843
Mutual funds	16,860		—		—		—		16,860
Accrued performance allocations	—		—		—		381,993		381,993
Partnership interests	—		—		—		191,635		191,635
Other investments	—		—		12,026		—		12,026
Total assets at fair value	$	19,838	$	—	$	12,026	$	573,628	$	605,492

Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	3,355	$	3,355

Schedule of Changes in Fair Value of Company's Level 3 Assets

The following table presents a rollforward of Level 3 assets at cost adjusted for any impairment and observable price changes (in thousands):


	Other Investments
Balance as of December 31, 2023	$	12,026
Purchases	73
Sales	(1,559)
Net unrealized gains (losses)	1,785
Balance as of June 30, 2024	$	12,325

Schedule of Investments Valued Using NAV

The following table presents investments carried at fair value using NAV (in thousands):


	Fair Value		Unfunded Commitments
June 30, 2024:
Accrued performance allocations	$	338,855	N/A

Partnership interests:
Company-sponsored open-end fund	$	29,298	$	—
Company-sponsored closed-end funds	128,537		7,227
Third-party closed-end funds	14,746		7,061
Total partnership interests	$	172,581	$	14,288

December 31, 2023:
Accrued performance allocations	$	381,993	N/A

Partnership interests:
Company-sponsored open-end fund	$	46,530	$	—
Company-sponsored closed-end funds	131,188		7,662
Third-party closed-end funds	13,917		7,955
Total partnership interests	$	191,635	$	15,617

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Amortized Cost

The following table presents the carrying amounts and estimated fair values of financial instruments reported at amortized cost (in thousands):


	Level 1		Level 2		Level 3		Total		Carrying Value
As of June 30, 2024:
Notes payable (private notes)	$	—	$	—	$	416,046	$	416,046	$	450,000

As of December 31, 2023:
Notes payable (private notes)	$	—	$	—	$	423,263	$	423,263	$	450,000

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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