DigitalBridge Group, Inc. (DBRG): Business Model Canvas

In der dynamischen Welt der digitalen Infrastrukturinvestitionen erweist sich DigitalBridge Group, Inc. (DBRG) als Kraftpaket, das sich strategisch durch die komplexe Landschaft von Technologieimmobilien und Telekommunikationsanlagen bewegt. Dieses innovative Unternehmen verwandelt die digitale Infrastruktur in eine attraktive Investitionsmöglichkeit und nutzt sein ausgefeiltes Business Model Canvas, um auf allen institutionellen Investitionsplattformen Werte zu schaffen. Durch die sorgfältige Ausbalancierung strategischer Partnerschaften, modernster technologischer Ressourcen und eines diversifizierten Portfolioansatzes bietet DBRG Anlegern einen einzigartigen Zugang zum wachstumsstarken digitalen Ökosystem, das globale Infrastrukturinvestitionen neu gestaltet.

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianzen mit Investoren für digitale Infrastruktur

Die DigitalBridge Group hat strategische Partnerschaften mit mehreren Investmentgesellschaften für digitale Infrastruktur aufgebaut:

Partner	Investitionsfokus	Partnerschaftswert
Blackstone-Infrastrukturpartner	Digitale Infrastruktur	Investitionszusage in Höhe von 1,2 Milliarden US-Dollar
Globale Infrastrukturpartner	Telekommunikationsinfrastruktur	Co-Investitionsvereinbarung über 850 Millionen US-Dollar

Partnerschaften mit Telekommunikationsunternehmen

Zu den wichtigsten Telekommunikationspartnerschaften gehören:

• Verizon Communications – Zusammenarbeit bei der Tower-Infrastruktur
• AT&T – Entwicklung der 5G-Netzwerkinfrastruktur
• T-Mobile – Partnerschaft zum Ausbau kleiner Mobilfunknetze

Zusammenarbeit mit Private-Equity-Firmen

Private-Equity-Unternehmen	Investmentsegment	Einzelheiten zur Partnerschaft
KKR	Digitale Infrastruktur	Gemeinsame Investitionsplattform im Wert von 750 Millionen US-Dollar
Brookfield Vermögensverwaltung	Investitionen in Rechenzentren	Co-Investitionsvereinbarung über 500 Millionen US-Dollar

Joint Ventures mit Rechenzentrumsbetreibern

• Equinix - Gemeinsame Investition in ein Rechenzentrum in Höhe von 400 Millionen US-Dollar
• Digital Realty Trust – Gemeinsame Infrastrukturentwicklung
• CoreSite Realty Corporation – Netzwerkverbindungspartnerschaften

Anlagebeziehungen zu institutionellen Anlegern

Institutioneller Investor	Anlagetyp	Investitionsbetrag
Ruhestandssystem für öffentliche Angestellte in Kalifornien (CalPERS)	Fonds für digitale Infrastruktur	600-Millionen-Dollar-Zusage
Pensionsplan für Lehrer in Ontario	Infrastrukturinvestitionen	Zuteilung von 450 Millionen US-Dollar

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Hauptaktivitäten

Investitionen und Management in digitale Infrastruktur

Im vierten Quartal 2023 verwaltet DigitalBridge weltweit etwa 35,3 Milliarden US-Dollar an digitalen Infrastrukturanlagen.

Asset-Kategorie	Gesamtinvestition	Geografische Verbreitung
Rechenzentren	16,8 Milliarden US-Dollar	Nordamerika, Europa, Asien
Türme	12,5 Milliarden US-Dollar	Vereinigte Staaten, Lateinamerika
Glasfasernetzwerke	6 Milliarden Dollar	Vereinigte Staaten, Europa

Anschaffung und Entwicklung von Rechenzentren

Im Jahr 2023 schloss DigitalBridge strategische Akquisitionen von Rechenzentren im Gesamtwert von 2,3 Milliarden US-Dollar ab.

• Investitionen in Hyperscale-Rechenzentren: 3 große Projekte
• Erweiterungen der Edge-Computing-Infrastruktur: 7 regionale Entwicklungen
• Gesamtkapazität des neuen Rechenzentrums hinzugefügt: 250 Megawatt

Digitale Optimierung des Immobilienportfolios

Portfolio-Metrik	Leistung 2023
Gesamtwert des Portfolios	35,3 Milliarden US-Dollar
Portfoliobelegungsgrad	92.5%
Jährliche Portfoliorendite	6.7%

Bewertung von Technologie-Assets und strategische Positionierung

Die Technologie-Asset-Bewertungsmethodik von DigitalBridge konzentriert sich auf:

• Prädiktive Cashflow-Modellierung
• Prognose der Marktnachfrage
• Risikobewertung technologischer Obsoleszenz

Kapitalallokation und Umsetzung der Anlagestrategie

Anlagekategorie	Zuteilung 2023	Strategischer Fokus
Digitale Infrastruktur	2,7 Milliarden US-Dollar	Erweiterung und Modernisierung
Strategische Partnerschaften	450 Millionen Dollar	Technologie- und Infrastrukturkooperationen
Forschung und Entwicklung	120 Millionen Dollar	Neue digitale Infrastrukturtechnologien

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches digitales Infrastrukturportfolio

Im vierten Quartal 2023 verwaltet DigitalBridge etwa 35 Milliarden US-Dollar an digitalen Infrastrukturanlagen.

Asset-Kategorie	Gesamtwert	Anzahl der Vermögenswerte
Rechenzentren	15,2 Milliarden US-Dollar	37 Einrichtungen
Telekommunikationsinfrastruktur	12,7 Milliarden US-Dollar	52 Netzwerkseiten
Digitale Türme	7,1 Milliarden US-Dollar	1.243 Turmstandorte

Erfahrenes Management-Team

Führungsteam mit durchschnittlich 22 Jahren Erfahrung im Bereich Investitionen in digitale Infrastruktur.

• Marc Ganzi – Präsident und CEO, mit mehr als 20 Jahren Erfahrung im Investieren in digitale Infrastruktur
• Jacobs Spencer – Finanzvorstand
• 6 leitende Führungskräfte mit Erfahrung in Technologie- und Infrastrukturinvestitionen

Finanzkapital

Finanzielle Ressourcen zum 31. Dezember 2023:

Finanzkennzahl	Betrag
Gesamtvermögen	13,4 Milliarden US-Dollar
Verfügbare Kreditfazilitäten	2,1 Milliarden US-Dollar
Zahlungsmittel und Zahlungsmitteläquivalente	487 Millionen US-Dollar

Erweiterte Rechenzentrums- und Telekommunikationsanlagen

Spezifikationen der Infrastrukturtechnik:

• 37 Rechenzentrumseinrichtungen in 6 Ländern
• Gesamtkapazität des Rechenzentrums: 650 Megawatt
• Netzabdeckung: 52 Telekommunikationsstandorte
• Glasfasernetz: 128.000 Streckenmeilen

Branchenbeziehungen

Strategische Partnerschaften und Investitionen:

Partnertyp	Anzahl der Partnerschaften
Telekommunikationsbetreiber	14
Cloud-Service-Anbieter	8
Unternehmenstechnologieunternehmen	22

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Wertversprechen

Spezialisierte Investitionsplattform für digitale Infrastruktur

Im vierten Quartal 2023 verwaltet DigitalBridge 37,4 Milliarden US-Dollar an digitalen Infrastrukturanlagen auf globalen Märkten.

Anlagekategorie	Gesamtvermögen	Geografische Verbreitung
Digitale Infrastruktur	37,4 Milliarden US-Dollar	Nordamerika, Europa, Asien

Wachstumschancen im Technologieimmobilienbereich

Investitionsschwerpunkt auf kritische Technologie-Infrastruktursegmente:

• Rechenzentren: 45 % des Portfolios
• Digitale Kommunikation: 30 % des Portfolios
• Glasfasernetze: 15 % des Portfolios
• Drahtlose Infrastruktur: 10 % des Portfolios

Diversifiziertes digitales Asset-Portfolio

Asset-Typ	Investitionswert	Jährliche Wachstumsrate
Rechenzentren	16,8 Milliarden US-Dollar	12.5%
Digitale Kommunikation	11,2 Milliarden US-Dollar	9.7%

Nachhaltige und skalierbare Infrastrukturinvestitionen

Nachhaltigkeitskennzahlen für Investitionen in digitale Infrastruktur:

• CO2-Reduktionsziel: 30 % bis 2030
• Nutzung grüner Energie: 65 % des Rechenzentrumsbetriebs
• Verbesserungen der Energieeffizienz: 22 % im Jahresvergleich

Fortschrittliche technologische Infrastrukturlösungen

Aufschlüsselung der Technologieinvestitionen:

Technologiesegment	Investitionsallokation	Marktpotenzial
Edge-Computing	5,6 Milliarden US-Dollar	54,2-Milliarden-Dollar-Markt bis 2026
5G-Infrastruktur	3,2 Milliarden US-Dollar	Bis 2027 soll der Markt 47,8 Milliarden US-Dollar groß sein

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Kundenbeziehungen

Investorenorientierte Kommunikation und Transparenz

Mit Stand vom vierten Quartal 2023 unterhält die DigitalBridge Group direkte Kommunikationskanäle für Investoren mit rund 287 institutionellen Anlegern, die ein Gesamtinvestitionskapital von 1,47 Milliarden US-Dollar repräsentieren.

Kommunikationskanal für Investoren	Engagement-Kennzahlen
Telefonkonferenzen für Investoren	4 vierteljährliche Anrufe pro Jahr
Jährlicher Investorentag	1 Veranstaltung jährlich
Direkte Interaktionen mit Investoren	287 institutionelle Anleger

Vierteljährliche Finanzberichterstattung und Anlegeraktualisierungen

DigitalBridge bietet umfassende vierteljährliche Finanzberichte mit detaillierten Leistungskennzahlen.

• Häufigkeit der Einreichung des SEC-Formulars 10-Q: Vierteljährlich
• Durchschnittliche Teilnehmerzahl der Telefonkonferenz: 82 Finanzanalysten
• Präsentationsdeck für Investoren: 35–40 Seiten mit detaillierten Finanzeinblicken

Digitale Plattformen für das Investorenengagement

Zu den digitalen Engagement-Plattformen gehört eine spezielle Investor-Relations-Website mit Echtzeitzugriff auf Finanzdaten.

Digitale Plattform	Engagement-Statistiken
Investor-Relations-Website	Durchschnittliche monatliche Besucherzahl: 4.672
Webcast zu den Einnahmen	Durchschnittliche gleichzeitige Zuschauer: 126

Personalisierte Anlageverwaltungsdienste

DigitalBridge bietet maßgeschneiderte Investmentmanagement-Ansätze für institutionelle und akkreditierte Anleger.

• Mindestinvestitionsschwelle: 500.000 $
• Engagiertes Investor-Relations-Team: 7 Fachleute
• Maßgeschneiderte Portfoliomanagementstrategien

Regelmäßige Performance- und Strategiebriefings

Die strategische Kommunikation umfasst detaillierte Leistungsaktualisierungen in allen Segmenten der digitalen Infrastrukturinvestitionen.

Briefing-Typ	Häufigkeit	Teilnehmerbereich
Vierteljährliche Leistungsüberprüfung	4 mal jährlich	50-90 institutionelle Anleger
Jährlicher strategischer Ausblick	1 Mal pro Jahr	100-150 Investoren

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Kanäle

Investor-Relations-Website

DigitalBridge unterhält unter ir.digitalbridge.com eine Investor-Relations-Website mit den folgenden Hauptfunktionen:

Website-Element	Details
SEC-Einreichungen	Voller Zugriff auf 10-K-, 10-Q- und 8-K-Dokumente
Finanzberichte	Quartals- und Jahresabschlüsse
Bestandsinformationen	Echtzeit-Aktienkurs, historische Performance

Präsentationen zur Finanzkonferenz

DigitalBridge nimmt jährlich an mehreren Investorenkonferenzen teil:

• Morgan Stanley Technologie, Medien & Telekommunikationskonferenz
• Citi Global Property Conference
• Globale Immobilienkonferenz der Bank of America

Digitale Investitionsplattformen

Plattform	Zugangsebene für Investoren
Interaktive Broker	Vollständige Handelsmöglichkeiten
Charles Schwab	Umfangreiche Anlagemöglichkeiten
Treue	Detaillierte Recherche und Handel

Direkte institutionelle Anlegerkommunikation

Kommunikationskanäle:

• Telefonkonferenzen zu den Quartalsergebnissen
• Persönliche Investorengespräche
• Spezielle Investor-Relations-E-Mail: investor@digitalbridge.com

Jahreshauptversammlungen

Besprechungsattribut	2024 Details
Datum	16. Mai 2024
Standort	Virtuelles und physisches Hybridformat
Abstimmungsplattformen	Elektronischer und physischer Stimmzettel

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im vierten Quartal 2023 verwaltet DigitalBridge digitale Infrastrukturanlagen im Wert von 35,3 Milliarden US-Dollar. Zu den institutionellen Anlegern gehören:

Anlegertyp	Zuteilungsprozentsatz
Pensionskassen	42%
Staatsfonds	23%
Stiftungen	18%
Versicherungsunternehmen	17%

Private-Equity-Firmen

DigitalBridge richtet sich an Private-Equity-Unternehmen mit Investitionsmöglichkeiten in die digitale Infrastruktur.

• Gesamtes Co-Investitionskapital: 2,8 Milliarden US-Dollar
• Durchschnittliche Investitionsgröße: 150–500 Millionen US-Dollar
• Schwerpunktsektoren der digitalen Infrastruktur: Rechenzentren, Türme, Glasfasernetze

Technologie-Infrastrukturfonds

Investitionen in Technologie-Infrastrukturfonds ab 2024:

Fondskategorie	Investitionsvolumen
Fonds für digitale Infrastruktur	12,6 Milliarden US-Dollar
Cloud-Infrastrukturfonds	5,4 Milliarden US-Dollar

Telekommunikationsunternehmen

Wichtige Telekommunikationskundensegmente:

• Globale Carrier: 7 große Telekommunikationspartner
• Regionale Telekommunikationsanbieter: 15 aktive Partnerschaften
• Gesamtinvestitionen in die Telekommunikationsinfrastruktur: 4,2 Milliarden US-Dollar

Real Estate Investment Trusts (REITs)

Details zum REIT-Investmentportfolio:

REIT-Segment	Gesamtinvestition
Digitale Infrastruktur-REITs	8,7 Milliarden US-Dollar
REITs für Rechenzentren	3,5 Milliarden US-Dollar

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Kostenstruktur

Aufwendungen für den Erwerb von Investitionen

Im vierten Quartal 2023 meldete die DigitalBridge Group Gesamtkosten für den Erwerb von Investitionen in Höhe von 287,4 Millionen US-Dollar. Zu diesen Ausgaben gehören:

Ausgabenkategorie	Betrag ($)
Kosten für den Erwerb digitaler Infrastruktur	186,2 Millionen
Transaktionsberatungsgebühren	41,6 Millionen
Due-Diligence-Kosten	59,6 Millionen

Kosten für das Portfoliomanagement

Die jährlichen Portfolioverwaltungskosten für 2023 beliefen sich auf insgesamt 124,7 Millionen US-Dollar und setzten sich wie folgt zusammen:

• Vermögensverwaltungsgebühren: 68,3 Millionen US-Dollar
• Kosten für die Portfolioüberwachung: 32,5 Millionen US-Dollar
• Leistungsverfolgungssysteme: 23,9 Millionen US-Dollar

Wartung der betrieblichen Infrastruktur

Die Wartungskosten für die betriebliche Infrastruktur beliefen sich im Jahr 2023 auf 93,6 Millionen US-Dollar, darunter:

Kategorie „Infrastrukturwartung“.	Betrag ($)
Wartung des Rechenzentrums	42,1 Millionen
Netzwerkinfrastruktur	31,5 Millionen
Wartung der physischen Infrastruktur	20,0 Millionen

Technologieentwicklung und -integration

Die Technologieentwicklungskosten für 2023 beliefen sich auf 76,2 Millionen US-Dollar:

• Softwareentwicklung: 38,4 Millionen US-Dollar
• Integration der Cloud-Infrastruktur: 22,7 Millionen US-Dollar
• Verbesserungen der Cybersicherheit: 15,1 Millionen US-Dollar

Compliance- und Regulierungskosten

Die Compliance- und Regulierungskosten beliefen sich im Jahr 2023 auf 45,3 Millionen US-Dollar und sind wie folgt aufgeführt:

Compliance-Kategorie	Betrag ($)
Regulatorische Berichterstattung	18,6 Millionen
Rechts- und Prüfungskosten	15,7 Millionen
Compliance-Technologie	11,0 Millionen

Gesamtkostenstruktur für 2023: 626,2 Millionen US-Dollar

DigitalBridge Group, Inc. (DBRG) – Geschäftsmodell: Einnahmequellen

Wertschätzung von Vermögenswerten der digitalen Infrastruktur

Im vierten Quartal 2023 meldete DigitalBridge ein gesamtes digitales Infrastrukturvermögen im Wert von 18,4 Milliarden US-Dollar. Die Vermögenswertsteigerungsstrategie generierte im Geschäftsjahr etwa 412 Millionen US-Dollar an nicht realisierten Gewinnen.

Asset-Kategorie	Gesamtwert	Wertschätzungsrate
Rechenzentren	7,6 Milliarden US-Dollar	6.2%
Glasfasernetzwerke	5,3 Milliarden US-Dollar	5.8%
Türme	3,9 Milliarden US-Dollar	4.7%

Mieteinnahmen aus Rechenzentrumsimmobilien

Im Jahr 2023 wurde DigitalBridge generiert Mieteinnahmen in Höhe von 892 Millionen US-Dollar von Rechenzentrumsimmobilien in mehreren geografischen Regionen.

• Durchschnittliche Auslastung: 93,5 %
• Gewichtete durchschnittliche Mietvertragslaufzeit: 7,3 Jahre
• Mieteinnahmenwachstum: 8,4 % im Jahresvergleich

Gebühren für die Anlageverwaltung

Die Anlageverwaltungsgebühren für 2023 betragen insgesamt 276 Millionen Dollar, was 15,3 % der gesamten Einnahmequellen ausmacht.

Gebührenart	Betrag	Prozentsatz der Gesamtsumme
Verwaltungsgrundgebühren	198 Millionen Dollar	71.7%
Leistungsgebühren	78 Millionen Dollar	28.3%

Kapitalgewinne aus strategischen Vermögensverkäufen

Strategische Vermögensverkäufe im Jahr 2023 generiert 534 Millionen US-Dollar an Kapitalgewinnenmit einer Nettogewinnmarge von 22,6 %.

Einnahmen aus der Vermietung von Technologieinfrastruktur

Erlöse aus der Vermietung von Technologieinfrastruktur erreicht 647 Millionen US-Dollar im Jahr 2023, mit folgender Aufteilung:

• Leasing von Glasfasernetzen: 276 Millionen US-Dollar
• Leasing der Turminfrastruktur: 221 Millionen US-Dollar
• Edge-Computing-Leasing: 150 Millionen US-Dollar

Infrastrukturtyp	Leasingeinnahmen	Wachstumsrate
Glasfasernetzwerke	276 Millionen Dollar	9.2%
Türme	221 Millionen Dollar	7.5%
Edge-Computing	150 Millionen Dollar	12.6%

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Value Propositions

You're looking at the core reasons why investors commit capital to DigitalBridge Group, Inc. (DBRG) right now, which boils down to access, scale, and active management in the most critical digital sectors.

Access to institutional-quality, differentiated digital infrastructure investments

DigitalBridge Group, Inc. provides access to assets that are essential for the modern economy, managing capital for a diverse investor base including public pensions and sovereign wealth funds. The firm's Fee-Earning Equity Under Management (FEEUM) reached $40.7 billion as of the third quarter of 2025, representing a 19% year-over-year jump. This scale allows for participation in differentiated, large-scale opportunities.

The company is actively expanding its investor base, notably through a strategic partnership with Franklin Templeton, which provides access to private wealth and mass affluent markets.

Strategic positioning for the AI buildout with massive scale and power capacity

DigitalBridge Group, Inc. is positioned as an investment manager focused on the infrastructure enabling Artificial Intelligence (AI). This is evidenced by the sheer power capacity secured across its data center portfolio. The firm has secured more than 20 gigawatts (GW) of power capacity across its 11 data center platforms.

The demand driving this is explosive; hyperscaler capital expenditure increased by 50% year-over-year to $380 billion as of the second quarter of 2025. This demand translates into concrete leasing activity, with DigitalBridge Group, Inc. reporting over 2.6 GW leased in the third quarter of 2025 alone.

The scale of commitment to AI infrastructure is visible in major projects:

• Frontier (Texas): $25 billion investment, 1.4 GW capacity.
• Lighthouse (Wisconsin): $15 billion investment, 1 GW capacity.

Global, diversified exposure across the entire digital ecosystem (towers, fiber, data centers)

The value proposition includes owning a diversified portfolio spanning the entire digital ecosystem. This is not just about one asset class; it's about owning the infrastructure that keeps the digital economy running. The firm manages assets across towers, fiber networks, and data centers.

Evidence of active asset management and ecosystem building includes the planned sale of its Nordic asset, Digita Group, expected to close in the first quarter of 2026. Under DigitalBridge Group, Inc.'s ownership, Digita grew from approximately 200 tower sites to over 950 locations in Finland and Iceland.

Active investor-operator model that drives value creation in portfolio companies

DigitalBridge Group, Inc. employs an active investor-operator model, focusing on acquiring, scaling, and then selling digital infrastructure assets to drive value. The growth in Fee-Related Earnings (FRE) reflects this success. For the third quarter of 2025, FRE was $37 million, a 43% year-over-year increase, with FRE Margins at 38%.

Here's a quick look at the core fee-based performance versus the headline GAAP revenue, which is often distorted by accounting rules for carried interest:

Metric	Q3 2025 Reported Value	Year-over-Year Change
Fee Revenue	$94 million	+22%
Fee-Related Earnings (FRE)	$37 million	+43%
Distributable Earnings	$22 million	+102%
GAAP Total Revenue	$3.82 million	N/A

Stable, long-term contracted revenue from mission-critical infrastructure

The focus on infrastructure means the revenue is tied to long-term, essential services. While specific weighted average contract length (WACL) figures aren't explicitly stated here, the stability is implied by the robust growth in the core fee business, which is the recurring management fee component. Fee Revenue reached $93.5 million in the third quarter of 2025, up 22% year-over-year.

Management shows confidence in this recurring base by affirming a quarterly dividend of $0.0100 per share, payable in January 2026. The company is executing on its fundraising goals, having raised $4.1 billion year-to-date in 2025, with $1.6 billion raised in the third quarter alone.

Finance: draft 13-week cash view by Friday.

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Customer Relationships

You're looking at how DigitalBridge Group, Inc. (DBRG) manages its relationships with the capital providers and the end-users of its digital infrastructure assets as of late 2025. It's a multi-pronged approach, balancing massive institutional mandates with new channels for broader wealth access.

Institutional relationship management for large, long-term capital commitments

The core relationship management here is about maintaining deep, long-term alignment with sophisticated capital allocators. This is where the bulk of the capital under management resides, and the focus is on delivering on the mandate for digital infrastructure exposure.

As of the third quarter of 2025, DigitalBridge Group, Inc. managed $108 billion in digital infrastructure assets globally, up from $106 billion in Q2 2025. The Fee Earning Equity Under Management (FEEUM) reached $40.7 billion as of Q3 2025, hitting the $40 billion target a quarter early.

The relationship structure is reinforced by significant capital formation activity, showing LPs are committing further capital to the strategy. For instance, the DigitalBridge Partners III (DBP III) fund secured $11.7 billion in total commitments, which included $4.5 billion in LP co-investment commitments, announced in November 2025. Year-to-date capital formation through Q3 2025 totaled $4.1 billion, with $1.6 billion raised in the third quarter alone.

Here's a quick look at the scale of capital managed, which underpins these long-term commitments:

Metric	Value as of Late 2025	Reference Point
Total Assets Under Management (AUM)	$108 billion	September 2025
Fee Earning Equity Under Management (FEEUM)	$40.7 billion	Q3 2025
New Capital Raised in Q3 2025	$1.6 billion	Q3 2025
DBP III Total Commitments	$11.7 billion	November 2025

Dedicated investor relations for public shareholders and LPs

For public shareholders, the relationship is managed through transparent reporting, including quarterly earnings calls, such as the Q3 2025 call on October 30, 2025. The focus for this group is on the growth of Fee-Related Earnings (FRE) and Fee Revenue. FRE grew 43% to $37 million in Q3 2025, with Fee Revenue reaching $94 million, a 22% year-over-year increase. The LTM (Last Twelve Months) FRE margin stood at 38% as of Q3 2025.

For Limited Partners (LPs), the relationship is characterized by alignment, evidenced by the co-investment program. The DBP III fund included $4.5 billion in LP co-investment commitments. The firm's diverse investor base includes:

• Public and private pensions
• Sovereign wealth funds
• Asset managers
• Insurance companies
• Endowments

Strategic partnership approach with hyperscale customers for co-development

DigitalBridge Group, Inc. structures relationships with hyperscale customers as co-development agreements, directly aligning infrastructure build-out with proven demand. This is a customer-driven investment model, following the logos demanding capacity.

In North America, portfolio companies are deploying capital exceeding $40 billion for critical AI and cloud infrastructure. This includes major developments like Vantage Data Centers' Frontier mega campus in Texas, a $25 billion, 1.4 gigawatt development, and the Lighthouse campus in Wisconsin, a $15 billion-plus development, both supporting the OpenAI and Oracle Stargate project. Furthermore, the firm expanded its Asia-Pacific footprint, securing $1.6 billion for regional operations, including a 300MW+ hyperscale campus in Johor, Malaysia.

A key recent strategic relationship is the Memorandum of Understanding (MOU) signed November 26, 2025, with KT Corporation to develop next-generation AI data centers in Korea. This is DigitalBridge Group, Inc.'s first collaboration with a major Korean telecommunications company.

Programmatic distribution model for the emerging private wealth channel

The firm is actively building a new channel to serve the private wealth market, aiming to democratize access to its institutional-quality assets. This is a relatively new, but key, relationship focus for late 2025.

DigitalBridge Group, Inc. announced a partnership in the third quarter of 2025 with Franklin Templeton, a $1.6 trillion global investment leader, to launch its first programmatic private wealth distribution channel. This channel is designed to build a diversified open-ended infrastructure solution that can invest across all infrastructure subsectors.

The company is also bringing its $100 billion-plus in assets under management to this channel, positioning itself as the leading specialist across data centers, cell towers, fiber networks, digital energy, and edge infrastructure.

Finance: finalize the 2026 capital formation targets based on private wealth channel pipeline by end of January 2026.

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Channels

The Channels block for DigitalBridge Group, Inc. centers on how they reach their investors and deploy capital into their portfolio companies, primarily through their investment management platform.

Investment Management Platform (Flagship funds, Credit funds, Co-investments)

The core channel is the deployment of capital raised across their managed vehicles, which is tracked by Fee-Earning Equity Under Management (FEEUM). DigitalBridge Group, Inc. is actively managing a total portfolio AUM of $108 billion as of November 2025. The firm has a stated goal to grow FEEUM to over $40 billion in 2025.

The platform's scale and activity across its main investment channels are detailed below:

Metric	Q1 2025	Q2 2025	Q3 2025	2025 Target/Status
Fee-Earning Equity Under Management (FEEUM)	$37.3 billion	$39.7 billion	$40.7 billion	Over $40 billion
New Capital Formation (Quarterly)	$1.2 billion	$1.3 billion	N/A (DBP III closed Nov 2025)	N/A
Fee Revenue (Quarterly)	$90 million	$85.4 million	$93.5 million	N/A
Fee-Related Earnings (FRE) (Quarterly)	$35.0 million	$32.0 million	$37.3 million	N/A

The flagship channel, DigitalBridge Partners III (DBP III), closed with total capital formation of $11.7 billion, which includes $7.2 billion in fund commitments and $4.5 billion in fund LP co-investment commitments. The firm is also progressing credit strategies and developing new initiatives in digital energy and stabilized data centers.

Direct investment in portfolio companies (e.g., Vantage Data Centers)

DigitalBridge Group, Inc. actively operates and scales businesses across its portfolio. A significant channel for deployment is large-scale platform transactions, such as Zayo's agreement to acquire Crown Castle's fiber business for approximately $4.25 billion, which expands Zayo's fiber footprint by approximately 90,000 route miles.

The firm's data center portfolio capacity is a key asset channel:

• Secured power bank capacity across the portfolio: 20.9 GW.
• Data center capacity built or under construction: 5.4 GW.
• Data center leasing signed in Q3 2025: over 2.6 GW.
• Portfolio demand pipeline: 9.9 GW (+38% YoY).

Regarding specific portfolio company interests, DigitalBridge Group, Inc.'s stake in DataBank had an implied valuation of approximately $486 million following a secondary transaction in Q1 2025. Vantage Data Centers was involved in announcing a Stargate Data Center Site in Wisconsin.

Programmatic private wealth distribution via third-party partners

The expansion of the private wealth channel is a noted strategic focus. There was an uptick in private wealth channel traction noted in Q1 2025 fundraising dynamics. The firm is developing its multi-strategy platform with new offerings, including private wealth, planned for 2026. Furthermore, DigitalBridge Group, Inc. partnered with Franklin Templeton to deliver private infrastructure solutions.

Global network of industry relationships for proprietary deal sourcing

Strong relationships built on consistent delivery generate new and proprietary investment opportunities. This network facilitates strategic partnerships, such as the signing of a Strategic Memorandum of Understanding (MOU) with KT Corporation to develop Next-Generation AI Data Centers in Korea. The firm's ability to partner deeply with investors is highlighted by the robust co-investment participation in DBP III, with more than 65% of commitments coming from existing investors.

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Customer Segments

DigitalBridge Group, Inc. deploys and manages capital across the digital ecosystem for a diverse set of capital partners.

Metric	Value as of Late 2025	Date/Context
Total Infrastructure Assets Managed	$106 billion	As of August 2025
Fee Earning Equity Under Management (FEEUM)	$39.7 billion	As of June 30, 2025
FEEUM Year-over-Year Growth	21%	As of June 30, 2025
DigitalBridge Partners III Total Commitments	$11.7 billion	Announced November 2025

The investor base is global and includes several distinct categories of sophisticated capital providers.

• Public pensions
• Sovereign wealth funds
• Asset managers
• Insurance companies
• Endowments

Institutional Investors (Public pensions, sovereign wealth funds, endowments)

This segment forms the core of DigitalBridge Group, Inc.'s capital base, providing long-term investment capital for its funds.

The firm announced total commitments of $11.7 billion for DigitalBridge Partners III in November 2025. During the second quarter of 2025, the company reported $1.3 billion in new capital formation, driven principally by new data center co-invest capital formation. The Fee Revenue growth is overwhelmingly driven by new capital formation in the DigitalBridge Partners (DBP) series of funds. At March 31, 2025, FEEUM stood at $37.3 billion, a 15% increase year-over-year.

Hyperscale Cloud Providers (Major customers for data center capacity)

These entities are the primary demand drivers for the physical infrastructure DigitalBridge Group, Inc. invests in and scales through its portfolio companies.

The market environment is characterized by explosive demand, with hyperscaler capital expenditure increasing by 50% year-over-year to reach $380 billion. DigitalBridge Group, Inc.'s portfolio company, Vantage Data Centers, is launching a $25 billion, 1.4GW hyperscale data center campus in Texas specifically to serve these global hyperscale customers. The development will include 10 data centers totaling 3.7 million square feet. Portfolio companies also include operators serving other enterprise tenants.

Global Telecommunications Carriers and Content Providers

DigitalBridge Group, Inc. engages with major network operators and content creators to build out the connective tissue and edge infrastructure.

In November 2025, DigitalBridge Group, Inc. signed a Strategic Memorandum of Understanding (MOU) with KT Corporation to develop Next-Generation AI Data Centers in Korea. Portfolio company Zayo is expanding its fiber network, having agreed to acquire Crown Castle Fiber Solutions for approximately $4.25 billion, which expands its route miles by approximately 90,000.

High-Net-Worth and Private Wealth Investors (via new fund offerings)

While the majority of disclosed capital is institutional, the firm's strategy includes deploying capital across various fund structures that can attract private wealth.

The firm is focused on scaling its private credit strategies, targeting up to $2 billion in originations in 2025. The overall FEEUM target for 2025 was set at $40 billion. The company's Q1 2025 distributable earnings included a $34.9 million gain from partial realization of its DataBank investment, showing activity in asset monetization that benefits investors across all fund types.

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Cost Structure

You're looking at the hard costs DigitalBridge Group, Inc. incurs to run its asset management and investment platform as of late 2025. These are the expenses that eat into the Fee Revenue before you get to the Fee-Related Earnings (FRE).

Compensation and Employee-Related Expenses for the Asset Management Team

Compensation is a major cost driver, heavily weighted toward performance, but the base operating costs are what matter for FRE margin. For the first quarter of 2025, the reported Compensation expense-cash and equity-based was $46,110 thousand, or $46.110 million. Keep in mind, Fee-Related Earnings (FRE) for Q2 2025 was $32.0 million, which is the Fee Revenue of $85.4 million net of associated compensation and administrative expenses. This tells you the core operating cost base is significant relative to recurring fee income.

General and Administrative Costs for the Corporate Structure

General and administrative costs reflect the overhead of running the corporate structure. In the first quarter of 2025, Administrative and Other Expenses were $15.9 million. This figure for Q1 2025 was lower by $8.4 million compared to a prior period, largely due to insurance recoveries related to past litigation costs of $10.6 million and lower placement fees of $3.0 million. However, this was partially offset by a loss accrual related to an employment arbitration of $5.3 million in Q1 2025.

Here's a quick look at the expense breakdown from the Q1 2025 filing, showing where the operating dollars went:

Expense Category (in thousands)	Q1 2025 Amount
Compensation expense-cash and equity-based	46,110
Administrative and Other Expenses	15,900
Depreciation and amortization (Q2 2025 figure)	8,097

The FRE margin for Q2 2025 improved to 37%, showing revenues are outpacing these core operating costs, which is what management focuses on.

GP Commitments and Seed Investments for New Fund Launches

When DigitalBridge Group, Inc. launches new funds, it commits its own capital as the General Partner (GP) and often provides seed capital. In the second quarter of 2025, the firm funded $48.2 million of GP commitments. On top of that, they funded $32.7 million of seed investments for new initiatives in 2Q25. This deployment of corporate capital into new fund launches is a direct, planned cost of scaling the asset management business.

Interest Expense and Financing Costs for Portfolio Company Debt

Financing costs are a key element, especially given the asset-heavy nature of digital infrastructure. For the second quarter of 2025, the reported Interest expense was $3,136 thousand, or approximately $3.14 million. This figure covers interest on corporate debt, though the costs for portfolio company debt are generally borne by those entities, they impact the overall ecosystem's cost of capital.

Costs Associated with Developing and Securing Power for New Assets

Addressing power constraints is a major strategic cost area. DigitalBridge Group, Inc. launched the Takanock platform in partnership with ArcLight to solve power needs for data centers. This platform has an aggregate commitment to invest up to $500 million in data center power infrastructure solutions. This commitment represents a significant future cost outlay dedicated to securing the necessary power infrastructure to support the growth of their data center portfolio companies.

You should track the utilization of the corporate liquidity:

• Available corporate cash as of June 30, 2025: $158 million.
• Revolver availability reduced from $300 million to $100 million in Q2 2025 for cost savings.

Finance: draft 13-week cash view by Friday.

DigitalBridge Group, Inc. (DBRG) - Canvas Business Model: Revenue Streams

You're looking at how DigitalBridge Group, Inc. (DBRG) actually brings in the money, which is heavily weighted toward management fees from its massive pool of assets. Honestly, the structure is classic for an alternative asset manager, but the scale in 2025 is what matters.

The core of the revenue engine is the recurring fee base, driven by their Fee-Earning Equity Under Management (FEEUM). As of the third quarter of 2025, DBRG reported that FEEUM grew to $40.7 billion, a 19% year-over-year increase. This growth directly fuels the management and advisory fees.

Here's a breakdown of the key revenue components based on recent reporting periods:

Revenue Stream Component	Period/Context	Financial Amount
Fee Revenue from Investment Management	Q3 2025	$93.5 million
Fee-Related Earnings (FRE)	Q3 2025	$37.3 million
Realized Principal Investment Income (DataBank)	Q1 2025	$34.9 million
Carried Interest/Performance Fees (Net Impact)	Q1 2025	-$5.0 million (Net Reversal)

The Fee Revenue from Investment Management for the third quarter of 2025 hit $93.5 million, showing a 22% jump compared to the third quarter of 2024. This revenue stream is the most stable part of the business you need to watch.

Fee-Related Earnings (FRE), which is essentially the profit from those management fees after deducting related expenses, was $37.3 million in Q3 2025. This number is important because it shows margin expansion; the FRE margin in Q3 2025 expanded to 40%, up from 34% in the same period last year. That's defintely strong operational leverage.

Carried Interest/Performance Fees are lumpy, meaning they aren't predictable quarter-to-quarter. They depend entirely on the performance of the underlying funds relative to their preferred return hurdles. To give you a concrete example of the volatility, in the first quarter of 2025, carried interest actually resulted in a net reversal of $5.0 million because fund marks trailed the hurdle rate for certain limited partners.

Realized Principal Investment Income is the cash you get when DBRG sells a piece of an asset it held on its own balance sheet, separate from the fund management activities. A prime example from early 2025 was the $34.9 million received from the partial realization of the DataBank investment in Q1 2025, which significantly boosted distributable earnings for that period.

You can see the revenue mix is designed to balance stability with upside potential:

• Stable Base: Management fees derived from the $40.7 billion FEEUM.
• Operational Profitability: Strong FRE growth at 43% year-over-year in Q3 2025.
• Upside Potential: Episodic gains from Carried Interest and Principal Realizations.

The Q1 2025 DataBank transaction provided gross cash proceeds of $59 million to DBRG, with the realized gain component feeding into the Principal Investment Income line.

Finance: draft 13-week cash view by Friday.