Bridge Investment Group Holdings Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2025

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, 2025 and December 31, 2024 (in thousands):


	Level 1		Level 2		Level 3		Measured at NAV		Total
June 30, 2025
Assets:
Common shares in publicly traded company	$	51	$	—	$	—	$	—	$	51
Exchange traded funds	1,440		—		—		—		1,440
Mutual funds	13,187		—		—		—		13,187
Accrued performance allocations	—		—		—		328,616		328,616
Partnership interests	—		—		—		161,354		161,354
Other investments	—		—		13,403		—		13,403
Total assets at fair value	$	14,678	$	—	$	13,403	$	489,970	$	518,051

Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	2,222	$	2,222

December 31, 2024
Assets:
Common shares in publicly traded company	$	73	$	—	$	—	$	—	$	73
Exchange traded funds	3,157		—		—		—		3,157
Mutual funds	17,889		—		—		—		17,889
Accrued performance allocations	—		—		—		339,560		339,560
Partnership interests	—		—		—		168,545		168,545
Other investments	—		—		12,615		—		12,615
Total assets at fair value	$	21,119	$	—	$	12,615	$	508,105	$	541,839

Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	2,782	$	2,782

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, 2024	$	12,615
Purchases	774

Net unrealized gains	14
Balance as of June 30, 2025	$	13,403

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, 2025:
Accrued performance allocations	$	328,616	N/A

Partnership interests:
Company-sponsored open-end fund	$	27,980	$	—
Company-sponsored closed-end funds	117,242		7,672
Third-party closed-end funds	16,132		6,208
Total partnership interests	$	161,354	$	13,880

December 31, 2024:
Accrued performance allocations	$	339,560	N/A

Partnership interests:
Company-sponsored open-end fund	$	29,147	$	—
Company-sponsored closed-end funds	124,034		9,994
Third-party closed-end funds	15,364		6,257
Total partnership interests	$	168,545	$	16,251

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, 2025:
Notes payable (private notes)	$	—	$	—	$	432,326	$	432,326	$	450,000

As of December 31, 2024:
Notes payable (private notes)	$	—	$	—	$	418,347	$	418,347	$	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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