Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 77,508 $ 183,576
Restricted cash 9,949 9,689
Marketable securities, at fair value 12,717 14,614
Receivables from affiliates 61,188 53,804
Notes receivable from affiliates 59,432 67,244
Other assets 75,918 70,466
Other investments 184,961 85,456
Accrued performance allocations 447,698 554,723
Intangible assets, net 153,410 4,894
Goodwill 234,603 55,982
Deferred tax assets, net 54,552 54,387
Total assets 1,371,936 1,154,835
Liabilities and shareholdersʼ equity    
Accrued performance allocations compensation 52,084 66,754
Accrued compensation and benefits 14,423 15,643
Accounts payable and accrued expenses 22,471 24,942
Due to affiliates 52,138 51,966
General Partner Notes Payable, at fair value 7,690 8,633
Insurance loss reserves 9,790 9,445
Self-insurance reserves and unearned premiums 4,131 3,453
Line of credit 80,000 0
Other liabilities 41,225 30,386
Notes payable 446,387 297,294
Total liabilities 730,339 508,516
Commitments and contingencies (Note 17) 0 0
Shareholdersʼ equity:    
Preferred stock, $0.01 par value, 20,000,000 authorized; 0 issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Additional paid-in capital 73,104 63,939
Retained earnings 10,723 14,230
Accumulated other comprehensive loss (133) (220)
Bridge Investment Group Holdings Inc. equity 84,874 79,097
Total shareholdersʼ equity 641,597 646,319
Total liabilities and shareholdersʼ equity 1,371,936 1,154,835
Class A Common Stock    
Shareholdersʼ equity:    
Common stock, par value $0.01 per share $ 327 $ 295
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares outstanding (in shares) 32,686,835 29,488,521
Common stock, shares issued (in shares) 32,686,835 29,488,521
Class B Common Stock    
Shareholdersʼ equity:    
Common stock, par value $0.01 per share $ 853 $ 853
Common stock, shares authorized (in shares) 237,837,544 237,837,544
Common stock, shares outstanding (in shares) 85,301,127 85,301,127
Common stock, shares issued (in shares) 85,301,127 85,301,127
Bridge Investment Group Holdings LLC    
Assets    
Accrued performance allocations $ 447,698 $ 554,723
Goodwill 234,600 56,000
Deferred tax assets, net 54,100 53,900
Liabilities and shareholdersʼ equity    
Insurance loss reserves 9,800 9,400
Self-insurance reserves and unearned premiums 4,100 3,500
Shareholdersʼ equity:    
Non-controlling interests 336,586 309,677
Bridge Investment Group Holdings Inc.    
Shareholdersʼ equity:    
Non-controlling interests $ 220,137 $ 257,545
Bridge Investment Group Holdings Inc. | Class A Common Stock    
Shareholdersʼ equity:    
Common stock, shares authorized (in shares) 500,000,000  
Common stock, shares outstanding (in shares) 32,686,835  
Bridge Investment Group Holdings Inc. | Class B Common Stock    
Shareholdersʼ equity:    
Common stock, shares outstanding (in shares) 85,301,127