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)

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023 (in thousands):


	Level 1		Level 2		Level 3		Measured at NAV		Total
September 30, 2024
Assets:
Common shares in publicly traded company	$	73	$	—	$	—	$	—	$	73
Exchange traded funds	2,547		—		—		—		2,547
Mutual funds	14,397		—		—		—		14,397
Accrued performance allocations	—		—		—		339,467		339,467
Partnership interests	—		—		—		171,238		171,238
Other investments	—		—		12,511		—		12,511
Total assets at fair value	$	17,017	$	—	$	12,511	$	510,705	$	540,233

Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	2,897	$	2,897

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	259
Sales	(1,559)
Net unrealized gains (losses)	1,785
Balance as of September 30, 2024	$	12,511

Schedule of Investments Valued Using NAV

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


	Fair Value		Unfunded Commitments
September 30, 2024:
Accrued performance allocations	$	339,467	N/A

Partnership interests:
Company-sponsored open-end fund	$	29,147	$	—
Company-sponsored closed-end funds	126,906		6,388
Third-party closed-end funds	15,185		6,367
Total partnership interests	$	171,238	$	12,755

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 September 30, 2024:
Notes payable (private notes)	$	—	$	—	$	432,872	$	432,872	$	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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