Bridge Investment Group Holdings, Inc. (NYSE:BRDG) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Bonni Rosen - Head, Shareholder Relations Robert Morse - Executive Chairman Jonathan Slager - CEO Katie Elsnab - CFO Conference Call Participants Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Securities Ken Worthington - J.P. Morgan Operator Greetings, and welcome to the Bridge Investment Group's 3Q 2023 Earnings Call and Webcast. At this time, all participants a ...

erone IMAE 21 wevi BBIDGE This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. Statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding expected growth, capital raising, expectations or targets related to financial and non-financial measure ...

Assets Under Management (AUM) - As of September 30, 2023, the company has approximately $49.4 billion in assets under management (AUM) [161] - As of September 30, 2023, the company's Assets Under Management (AUM) increased to $49.427 billion, up from $43.833 billion as of the same date in 2022, reflecting a year-over-year increase of 12.1% [209] - The company had approximately $17.5 billion of carry-eligible fee-earning AUM across approximately 49 funds [181] - The fee-earning AUM as of the end of the period was $21.779 billion, a decrease of 2.1% from $22.238 billion at the beginning of the period [211] - Comparative fee-earning AUM increased by $0.9 billion, or 6%, from $16.58 billion as of September 30, 2022, to $17.34 billion as of September 30, 2023 [213] - Total fee-earning AUM reached $21.779 billion as of September 30, 2023, up from $16.580 billion as of September 30, 2022 [215] - As of September 30, 2023, the company had $3.6 billion of undeployed capital available for future investment or reinvestment [218] - Of the undeployed capital, $2.2 billion is currently fee-earning based on commitments, while $1.4 billion will be fee-earning upon deployment [218] Financial Performance - The company’s performance is influenced by macroeconomic trends, including inflation and rising interest rates, which have created headwinds to economic growth [170] - The company’s future performance is heavily dependent on its ability to generate strong, stable returns and retain investor capital throughout market cycles [167] - New capital commitments raised for the nine months ended September 30, 2023, totaled $6.479 billion, compared to $3.851 billion for the same period in 2022, representing a significant increase of 68% [202] - Total revenues for the three months ended September 30, 2023, were $106.271 million, a decrease of $4.153 million or 4% compared to $110.424 million for the same period in 2022 [227] - Total revenues for the nine months ended September 30, 2023, were $296.5 million, a decrease of $17.1 million, or 5%, compared to $313.6 million for the same period in 2022 [257] - The company reported a net loss of $88.1 million for the nine months ended September 30, 2023, compared to a net income of $254.1 million for the same period in 2022 [315][316] Expenses and Costs - Total expenses for the three months ended September 30, 2023, were $88.9 million, an increase of $9.2 million, or 11%, compared to $79.8 million for the same period in 2022 [247] - Employee compensation and benefits increased by $3.6 million, or 7%, primarily due to a net increase in salaries and benefits from higher headcount driven by increased AUM [240] - General and administrative expenses increased by $1.5 million, or 14%, attributed to consolidated fund-level expenses and increases in professional services related to the rise in AUM [242] - Fund management fees decreased by $2.646 million, or 4%, primarily due to a reduction of $16.0 million from one-time catch-up fees recognized in Q3 2022 [228] - Interest expense increased by $3.6 million, or 85%, due to the issuance of Private Placement Notes with weighted-average interest rates of 5.05% and 6.01% [245] Investment Performance - The company recognized a change in fair value and acquisitions of $809 million for the three months ended September 30, 2023, compared to $901 million for the same period in 2022 [209] - The company has a demonstrated record of producing attractive returns for fund investors across its platforms [219] - Total investment loss income for the three months ended September 30, 2023, was $(30.178) million, a decrease of $36.937 million or 546% compared to $6.759 million for the same period in 2022 [236] - Unrealized performance allocations for the three months ended September 30, 2023, were $(50.940) million, compared to $(16.367) million for the same period in 2022, representing a 211% increase in losses [236] Acquisitions and Growth - The company acquired Newbury Partners LLC for a total consideration of $320.1 million, which closed on March 31, 2023 [163] - The company continues to expand and diversify its product offerings to meet the changing investment priorities of its investor base [169] - Fund management fees increased by $9.4 million, or 6%, primarily due to the Newbury Acquisition and the timing of capital raising for funds launched in 2022 and 2023 [258] Debt and Liquidity - The Company entered into a $150 million note purchase agreement on February 13, 2023, issuing two tranches of notes with interest rates of 6.0% and 6.1% [347] - The Company was in full compliance with all debt covenants as of September 30, 2023 [332] - The Credit Facility matures on June 3, 2024, with an option for potential extension under certain circumstances [326] - The company believes current liquidity sources will be sufficient to meet projected operating and debt service requirements for at least the next 12 months [308] Employee Compensation - The company reported a performance allocation revenue tied to investment performance, with up to 60% of this revenue awarded to employees as long-term incentive compensation [189] - Employee compensation and benefits increased by $16.971 million, or 11%, largely due to a net increase in salaries and benefits attributed to higher headcount [273] - Cash-based employee compensation and benefits increased by $3.0 million, or 9%, primarily due to increased headcount driven by a 6% increase in fee-earning AUM [305] Risk Management - The company is exposed to credit and counterparty risk due to reliance on financial institutions for credit, with efforts made to limit exposure to reputable counterparties [355] - The company does not have significant foreign assets or transactions in currencies other than the U.S. dollar, minimizing foreign exchange rate risk impact [356]

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Bonni Rosen - Head, Shareholder Relations Robert Morse - Executive Chairman Jonathan Slager - Chief Executive Officer Katherine Elsnab - Chief Financial Officer Conference Call Participants Kenneth Worthington - JPMorgan Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Securities Operator Greetings and welcome to the Bridge Investment Group's Second Quarter 2023 Earnin ...

Allocated Performance Income — Allocated performance income is affected by changes in the fair values of the underlying investments in the funds that we advise. Valuations, on an unrealized basis, can be significantly affected by a variety of external factors including, but not limited to, public equity market volatility, industry trading multiples and interest rates. Generally, if at the termination of a fund (and at interim points in the life of a fund), the fund has not achieved investment returns that ( ...

• Growth in recurring fund management fees driven by strong growth in FEAUM • Includes fund administration fees from internalization of fund administration BRIDGE INVESTMENT GROUP 8 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------|----------|--------------------------------------|----------|----------|----------|----------|----------|-------|----------|-------|----------|----------|---------------------|-- ...

Bridge Investment Group Holdings Inc. (NYSE:BRDG) Q1 2023 Earnings Conference Call May 9, 2023 9:30 AM ET Company Participants Bonni Rosen - Head, Shareholder Relations Robert Morse - Executive Chairman Jonathan Slager - Chief Executive Officer Katie Elsnab - Chief Financial Officer Conference Call Participants Michael Cyprys - Morgan Stanley Alex Bernstein - JPMorgan Bill Katz - Credit Suisse Operator Greetings. And welcome to the Bridge Investments Group First Quarter 2023 Earnings Call and Webcast. At th ...

Class A common stock, $0.01 par value per share BRDG New York Stock Exchange WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to | --- | --- | --- | |----------------------------------------------------------------------------|--------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________to________ Commission File Number: 001-40622 BRIDGE INVESTMENT GROUP HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 82-276908 ...

Bridge Investment Group Holdings Inc (NYSE:BRDG) Q4 2022 Results Conference Call February 14, 2023 8:30 AM ET Company Participants Bonni Rosen - Head of Shareholder Relations Katherine Elsnab - CFO Robert Morse - Executive Chairman Jonathan Slager - CEO & Director Christopher Jaroch - Newbury Partners LLC, Partner Richard Lichter - Newbury Equity Partners, Founder, MD and Managing Partner Conference Call Participants Michael Cyprys - Morgan Stanley Ken Worthington - JPMorgan Sumeet Mody - Piper Sandler Adam ...