Annual report pursuant to Section 13 and 15(d)

Condensed Combined and Consolidated Balance Sheets (Unaudited)

v3.22.0.1
Condensed Combined and Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Tenant improvements, furniture and equipment, net $ 4,126 $ 4,158
Current liabilities    
Accrued performance allocations compensation 41,000 22,200
Commitments and contingencies (Note 19)
Shareholders'/members' equity:    
Total shareholders'/members' equity 549,737 201,471
Subsidiaries [Member]    
Shareholders'/members' equity:    
Non-controlling interests 272,482 15,376
BRIDGE INVESTMENT GROUP HOLDINGS INC [Member]    
Shareholders'/members' equity:    
Bridge Investment Group Holdings Inc. equity 71,787 186,095
Non-controlling interests 205,468 0
BRIDGE INVESTMENT GROUP HOLDINGS LLC [Member]    
Current assets    
Cash and cash equivalents 78,417 101,830
Restricted cash 5,455 5,524
Marketable securities 8,035 5,053
Receivables from affiliates 35,379 25,481
Notes receivable from affiliates 114,144 40,795
Notes receivable from employees 0 7,431
Prepaid and other current assets 40,317 5,184
Total 281,747 191,298
Accrued performance allocation [1] 439,548 199,410
Other investments 44,006 16,017
Long-term notes receivable from employees 4,364 0
Tenant improvements, furniture and equipment, net 4,126 4,158
Intangible assets, net 3,441 4,910
Goodwill 9,830 9,830
Deferred tax assets 59,210 161
Other Assets 20 228
Total assets 846,292 426,012
Current liabilities    
Accrued performance allocations compensation 41,020 22,167
Accounts payable and accrued expenses 13,586 11,137
Accrued payroll and benefits 15,107 11,614
General Partner Notes Payable at fair value 12,003 16,458
Insurance loss reserves 8,086 4,436
Self-insurance reserves and unearned premiums 3,504 3,700
Other Current liabilities 6,817 4,830
Total current liabilities 100,123 74,342
Notes payable, net 148,142 147,713
Other long-term liabilities 2,156 2,486
Due To Affiliate 46,134 0
Total liabilities 296,555 224,541
Commitments and contingencies (Note 19) 0  
Shareholders'/members' equity:    
Net Investment In Common Control Group 0 186,091
Preferred stock, $0.01 par value, 20,000,000 authorized, 0 issued and outstanding as of December 31, 2021 0 0
Additional paid-in-capital 53,527 0
Retained earnings 17,184 0
Accumulated other comprehensive income (loss) (21) 4
Total shareholders'/members' equity 549,737 201,471
Total liabilities and shareholders'/members' equity 846,292 426,012
BRIDGE INVESTMENT GROUP HOLDINGS LLC [Member] | Common Class A [Member]    
Shareholders'/members' equity:    
Common stock, par value $0.01 per share 230 0
BRIDGE INVESTMENT GROUP HOLDINGS LLC [Member] | Common Class B [Member]    
Shareholders'/members' equity:    
Common stock, par value $0.01 per share $ 867 $ 0
[1]

(1) Represents an investment in carried interest in the funds. There is a disproportionate allocation of returns to the Company as general partner or equivalent based on the extent to which cumulative performance of the fund exceeds minimum return hurdles. Investment is valued using NAV of the respective vehicle.