Bridge Investment (US:BRDG)2024-05-09 14:07Financial Performance - GAAP Net income attributable to Bridge Investment Group Holdings Inc was $98 million for Q1 2024[21, 22] - GAAP Net loss was $368 million for the 1st quarter of 2024[10] - Total revenues were $10279 million, a 12% increase compared to $91448 million in Q1 2023[9, 24] - Fee Related Earnings ("FRE") to the Operating Company was $339 million, a 10% increase compared to $309 million in Q1 2023[24] - Distributable Earnings ("DE") of the Operating Company was $322 million, a 4% decrease compared to $334 million in Q1 2023[24] Assets Under Management (AUM) - Gross AUM was $480 billion, a 2% decrease compared to $488 billion in Q1 2023[24, 46] - Fee-Earning AUM was $220 billion, a 1% decrease compared to $222 billion in Q1 2023[24, 31] - The company had $31 billion of dry powder at the end of Q1 2024, a 30% decrease compared to $44 billion in Q1 2023[24] Capital Activity - Capital raised was $02 billion, a 78% decrease compared to $07 billion in Q1 2023[24] - Capital deployed was $03 billion, a 62% decrease compared to $09 billion in Q1 2023[24]