Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 70,969 $ 183,576
Restricted cash 8,976 9,689
Marketable securities, at fair value 12,624 14,614
Receivables from affiliates 41,703 53,804
Notes receivable from affiliates 59,030 67,244
Other assets 71,919 70,466
Other investments 207,850 85,456
Accrued performance allocations 428,414 554,723
Intangible assets, net 148,971 4,894
Goodwill 233,831 55,982
Deferred tax assets, net 62,096 54,387
Total assets 1,346,383 1,154,835
Liabilities and equity    
Accrued performance allocations compensation 47,529 66,754
Accrued compensation and benefits 24,958 15,643
Accounts payable and accrued expenses 22,760 24,942
Due to affiliates 51,513 51,966
General Partner Notes Payable, at fair value 7,091 8,633
Insurance loss reserves 7,994 9,445
Self-insurance reserves and unearned premiums 3,645 3,453
Line of credit 80,000 0
Other liabilities 39,037 30,386
Notes payable 446,195 297,294
Total liabilities 730,722 508,516
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 June 30, 2023 and December 31, 2022 0 0
Additional paid-in capital 83,374 63,939
Retained earnings 1,101 14,230
Accumulated other comprehensive loss (155) (220)
Bridge Investment Group Holdings Inc. equity 85,499 79,097
Total equity 615,661 646,319
Total liabilities and equity 1,346,383 1,154,835
Class A Common Stock    
Shareholdersʼ equity:    
Common stock, par value $0.01 per share 328 295
Class B Common Stock    
Shareholdersʼ equity:    
Common stock, par value $0.01 per share 851 853
Bridge Investment Group Holdings LLC    
Assets    
Accrued performance allocations 428,414 554,723
Goodwill 233,800 56,000
Deferred tax assets, net 61,800 53,900
Liabilities and equity    
Insurance loss reserves 8,000 9,400
Self-insurance reserves and unearned premiums 3,600 3,500
Shareholdersʼ equity:    
Non-controlling interests 321,247 309,677
Bridge Investment Group Holdings Inc.    
Shareholdersʼ equity:    
Non-controlling interests $ 208,915 $ 257,545