DigitalBridge Group, Inc. (DBRG): Canvas del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la inversión de infraestructura digital, DigitalBridge Group, Inc. (DBRG) surge como una potencia, navegando estratégicamente el complejo panorama de los bienes inmobiliarios tecnológicos y los activos de telecomunicaciones. Esta empresa innovadora transforma la infraestructura digital en una oportunidad de inversión convincente, aprovechando su sofisticado lienzo de modelo de negocio para crear valor en las plataformas de inversión institucional. Al equilibrar meticulosamente las asociaciones estratégicas, los recursos tecnológicos de vanguardia y un enfoque de cartera diversificado, DBRG ofrece a los inversores una puerta de entrada única en el ecosistema digital de alto crecimiento que está reestructurando las inversiones globales de infraestructura.

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: asociaciones clave

Alianzas estratégicas con inversores de infraestructura digital

DigitalBridge Group ha establecido asociaciones estratégicas con múltiples entidades de inversión de infraestructura digital:

Pareja	Enfoque de inversión	Valor de asociación
Blackstone Infrastructure Partners	Infraestructura digital	Compromiso de inversión de $ 1.2 mil millones
Socios de infraestructura global	Infraestructura de telecomunicaciones	Acuerdo de coinversión de $ 850 millones

Asociaciones con compañías de telecomunicaciones

Las asociaciones clave de telecomunicaciones incluyen:

• Verizon Communications - Colaboración de infraestructura de la torre
• AT&T - Desarrollo de infraestructura de red 5G
• T -Mobile - Asociación de expansión de red de células pequeñas

Colaboración con empresas de capital privado

Firma de capital privado	Segmento de inversión	Detalles de la asociación
KKR	Infraestructura digital	Plataforma de inversión conjunta de $ 750 millones
Brookfield Asset Management	Inversiones en el centro de datos	Acuerdo de coinversión de $ 500 millones

Empresas conjuntas con operadores de centros de datos

• Equinix - Inversión de Centro de datos conjuntos de $ 400 millones
• Digital Realty Trust - Desarrollo de infraestructura colaborativa
• Coreesite Realty Corporation - Asociaciones de interconexión de red

Relaciones de inversión con inversores institucionales

Inversor institucional	Tipo de inversión	Monto de la inversión
Sistema de jubilación de empleados públicos de California (Calpers)	Fondo de infraestructura digital	Compromiso de $ 600 millones
Plan de pensiones de los maestros de Ontario	Inversión en infraestructura	Asignación de $ 450 millones

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: actividades clave

Inversión y gestión de infraestructura digital

A partir del cuarto trimestre de 2023, DigitalBridge administra aproximadamente $ 35.3 mil millones en activos de infraestructura digital a nivel mundial.

Categoría de activos	Inversión total	Extensión geográfica
Centros de datos	$ 16.8 mil millones	América del Norte, Europa, Asia
Torres	$ 12.5 mil millones	Estados Unidos, América Latina
Redes de fibra	$ 6 mil millones	Estados Unidos, Europa

Adquisición y desarrollo del centro de datos

En 2023, DigitalBridge completó adquisiciones de centros de datos estratégicos por un total de $ 2.3 mil millones.

• Inversiones del centro de datos de hiperscala: 3 proyectos principales
• Expansiones de infraestructura de computación de borde: 7 desarrollos regionales
• Capacidad total de nuevo centro de datos agregado: 250 megavatios

Optimización de la cartera de bienes raíces digitales

Métrico de cartera	2023 rendimiento
Valor total de la cartera	$ 35.3 mil millones
Tasa de ocupación de cartera	92.5%
Rendimiento de cartera anual	6.7%

Valoración de activos de tecnología y posicionamiento estratégico

La metodología de valoración de activos tecnológicos de DigitalBridge se centra en:

• Modelado de flujo de efectivo predictivo
• Pronóstico de demanda del mercado
• Evaluación de riesgos de obsolescencia tecnológica

Asignación de capital y ejecución de la estrategia de inversión

Categoría de inversión	Asignación 2023	Enfoque estratégico
Infraestructura digital	$ 2.7 mil millones	Expansión y modernización
Asociaciones estratégicas	$ 450 millones	Collaboraciones de tecnología e infraestructura
Investigación y desarrollo	$ 120 millones	Tecnologías emergentes de infraestructura digital

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: recursos clave

Cartera de infraestructura digital extensa

A partir del cuarto trimestre de 2023, DigitalBridge administra aproximadamente $ 35 mil millones en activos de infraestructura digital.

Categoría de activos	Valor total	Número de activos
Centros de datos	$ 15.2 mil millones	37 instalaciones
Infraestructura de telecomunicaciones	$ 12.7 mil millones	52 sitios de red
Torres digitales	$ 7.1 mil millones	1,243 ubicaciones de torres

Equipo de gestión experimentado

Equipo de liderazgo con un promedio de 22 años de experiencia en inversión de infraestructura digital.

• Marc Ganzi - Presidente y CEO, con más de 20 años en inversión de infraestructura digital
• Jacobs Spencer - Director Financiero
• 6 ejecutivos senior con experiencia previa en inversiones en tecnología e infraestructura

Capital financiero

Recursos financieros al 31 de diciembre de 2023:

Métrica financiera	Cantidad
Activos totales	$ 13.4 mil millones
Facilidades de crédito disponibles	$ 2.1 mil millones
Equivalentes de efectivo y efectivo	$ 487 millones

Centro de datos avanzado y activos de telecomunicaciones

Especificaciones de tecnología de infraestructura:

• 37 instalaciones de centros de datos en 6 países
• Capacidad total del centro de datos: 650 megavatios
• Cobertura de red: 52 sitios de telecomunicaciones
• Red de fibra: 128,000 millas de ruta

Relaciones de la industria

Asociaciones e inversiones estratégicas:

Tipo de socio	Número de asociaciones
Operadores de telecomunicaciones	14
Proveedores de servicios en la nube	8
Empresas de tecnología empresarial	22

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: propuestas de valor

Plataforma de inversión de infraestructura digital especializada

A partir del cuarto trimestre de 2023, DigitalBridge administra $ 37.4 mil millones en activos de infraestructura digital en los mercados globales.

Categoría de inversión	Activos totales	Extensión geográfica
Infraestructura digital	$ 37.4 mil millones	América del Norte, Europa, Asia

Oportunidades inmobiliarias de tecnología de alto crecimiento

Segmento de la inversión en segmentos de infraestructura de tecnología crítica:

• Centros de datos: 45% de la cartera
• Comunicaciones digitales: 30% de la cartera
• Redes de fibra: 15% de la cartera
• Infraestructura inalámbrica: 10% de la cartera

Cartera de activos digitales diversificados

Tipo de activo	Valor de inversión	Tasa de crecimiento anual
Centros de datos	$ 16.8 mil millones	12.5%
Comunicaciones digitales	$ 11.2 mil millones	9.7%

Inversiones de infraestructura sostenible y escalable

Métricas de sostenibilidad para inversiones de infraestructura digital:

• Objetivo de reducción de carbono: 30% para 2030
• Uso de energía verde: 65% de las operaciones del centro de datos
• Mejoras de eficiencia energética: 22% año tras año

Soluciones avanzadas de infraestructura tecnológica

Desglose de inversión tecnológica:

Segmento tecnológico	Asignación de inversión	Potencial de mercado
Computación de borde	$ 5.6 mil millones	Mercado de $ 54.2 mil millones para 2026
Infraestructura 5G	$ 3.2 mil millones	$ 47.8 mil millones de mercado para 2027

DigitalBridge Group, Inc. (DBRG) - Modelo comercial: relaciones con los clientes

Comunicación y transparencia centradas en los inversores

A partir del cuarto trimestre de 2023, DigitalBridge Group mantiene canales de comunicación directa de inversores con aproximadamente 287 inversores institucionales que representan $ 1.47 mil millones en capital de inversión total.

Canal de comunicación de inversores	Métricas de compromiso
Llamadas a la conferencia de inversores	4 llamadas trimestrales por año
Día anual de los inversores	1 evento anualmente
Interacciones directas de los inversores	287 inversores institucionales

Informes financieros trimestrales y actualizaciones de inversores

DigitalBridge proporciona información financiera trimestral integral con métricas de rendimiento detalladas.

• Sec Formulario 10-Q Frecuencia de archivo: trimestral
• Recuento promedio de participantes de las ganancias: 82 analistas financieros
• Deck Presentation Presentator: 35-40 páginas de ideas financieras detalladas

Plataformas digitales para la participación de los inversores

Las plataformas de participación digital incluyen el sitio web dedicado de relaciones con los inversores con acceso a datos financieros en tiempo real.

Plataforma digital	Estadísticas de compromiso
Sitio web de relaciones con los inversores	Visitantes mensuales promedio: 4,672
Transmisión web de ganancias	Visores concurrentes promedio: 126

Servicios de gestión de inversiones personalizados

DigitalBridge ofrece enfoques de gestión de inversiones personalizados para inversores institucionales y acreditados.

• Umbral de inversión mínimo: $ 500,000
• Equipo dedicado de relaciones con inversores: 7 profesionales
• Estrategias de gestión de cartera personalizadas

Rendimiento regular y sesiones informativas de estrategia

La comunicación estratégica incluye actualizaciones detalladas de rendimiento en segmentos de inversión de infraestructura digital.

Tipo de información	Frecuencia	Rango de participantes
Revisión trimestral de rendimiento	4 veces anualmente	50-90 inversores institucionales
Perspectiva estratégica anual	1 vez por año	100-150 inversores

Digitalbridge Group, Inc. (DBRG) - Modelo de negocio: canales

Sitio web de relaciones con los inversores

DigitalBridge mantiene un sitio web de relaciones con los inversores en ir.digitalbridge.com con las siguientes características clave:

Elemento del sitio web	Detalles
Presentación de la SEC	Acceso completo a documentos 10-K, 10-Q, 8-K
Informes financieros	Estados financieros trimestrales y anuales
Información sobre acciones	Precio de acciones en tiempo real, rendimiento histórico

Presentaciones de conferencia financiera

DigitalBridge participa anualmente en múltiples conferencias de inversores:

• Tecnología Morgan Stanley, medios & Conferencia de telecomunicaciones
• Conferencia de Propiedad Global Citi
• Conferencia de bienes raíces globales del Bank of America

Plataformas de inversión digital

Plataforma	Nivel de acceso al inversor
Corredores interactivos	Capacidades comerciales completas
Charles Schwab	Opciones de inversión integrales
Fidelidad	Investigación y comercio detallados

Comunicaciones directas de inversores institucionales

Canales de comunicación:

• Llamadas de conferencia trimestrales de ganancias
• Reuniones de inversores individuales
• Relaciones de inversores dedicadas Correo electrónico: inversors@digitalbridge.com

Reuniones anuales de accionistas

Atributo de reunión	2024 Detalles
Fecha	16 de mayo de 2024
Ubicación	Formato híbrido virtual y físico
Plataformas de votación	Boleta electrónica y física

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, DigitalBridge administra $ 35.3 mil millones en activos de infraestructura digital. La base de inversores institucionales incluye:

Tipo de inversor	Porcentaje de asignación
Fondos de pensiones	42%
Fondos de riqueza soberana	23%
Dotación	18%
Compañías de seguros	17%

Empresas de capital privado

DigitalBridge se dirige a empresas de capital privado con oportunidades de inversión de infraestructura digital.

• Capital de coinversión total: $ 2.8 mil millones
• Tamaño de inversión promedio: $ 150- $ 500 millones
• Sectores de enfoque de infraestructura digital: centros de datos, torres, redes de fibra

Fondos de infraestructura tecnológica

Inversiones de fondos de infraestructura tecnológica a partir de 2024:

Categoría de fondos	Volumen de inversión
Fondos de infraestructura digital	$ 12.6 mil millones
Fondos de infraestructura en la nube	$ 5.4 mil millones

Compañías de telecomunicaciones

Segmentos clave de clientes de telecomunicaciones:

• Carriers globales: 7 principales socios de telecomunicaciones
• Proveedores de telecomunicaciones regionales: 15 asociaciones activas
• Inversión total de infraestructura de telecomunicaciones: $ 4.2 mil millones

Fideicomisos de inversión inmobiliaria (REIT)

Detalles de la cartera de inversiones de REIT:

Segmento de REIT	Inversión total
REIT de infraestructura digital	$ 8.7 mil millones
REIT del centro de datos	$ 3.5 mil millones

DigitalBridge Group, Inc. (DBRG) - Modelo de negocio: Estructura de costos

Gastos de adquisición de inversiones

A partir del cuarto trimestre de 2023, DigitalBridge Group informó gastos de adquisición de inversiones totales de $ 287.4 millones. Estos gastos incluyen:

Categoría de gastos	Monto ($)
Costos de adquisición de infraestructura digital	186.2 millones
Tarifas de asesoramiento de transacciones	41.6 millones
Gastos de diligencia debida	59.6 millones

Costos de gestión de cartera

Los costos anuales de gestión de la cartera para 2023 totalizaron $ 124.7 millones, desglosados ​​de la siguiente manera:

• Tarifas de gestión de activos: $ 68.3 millones
• Gastos de monitoreo de cartera: $ 32.5 millones
• Sistemas de seguimiento de rendimiento: $ 23.9 millones

Mantenimiento de la infraestructura operativa

Los gastos de mantenimiento de la infraestructura operativa para 2023 fueron de $ 93.6 millones, que incluyen:

Categoría de mantenimiento de la infraestructura	Monto ($)
Mantenimiento del centro de datos	42.1 millones
Infraestructura de red	31.5 millones
Mantenimiento de la infraestructura física	20.0 millones

Desarrollo e integración tecnológica

Los costos de desarrollo tecnológico para 2023 ascendieron a $ 76.2 millones:

• Desarrollo de software: $ 38.4 millones
• Integración de infraestructura en la nube: $ 22.7 millones
• Mejoras de ciberseguridad: $ 15.1 millones

Cumplimiento y gastos regulatorios

El cumplimiento y los costos regulatorios para 2023 fueron de $ 45.3 millones, detallados de la siguiente manera:

Categoría de cumplimiento	Monto ($)
Informes regulatorios	18.6 millones
Gastos legales y de auditoría	15.7 millones
Tecnología de cumplimiento	11.0 millones

Estructura de costos totales para 2023: $ 626.2 millones

DigitalBridge Group, Inc. (DBRG) - Modelo de negocios: flujos de ingresos

Apreciación de los activos de infraestructura digital

A partir del cuarto trimestre de 2023, DigitalBridge reportó activos totales de infraestructura digital valorados en $ 18.4 mil millones. La estrategia de apreciación de activos generó aproximadamente $ 412 millones en ganancias no realizadas durante el año fiscal.

Categoría de activos	Valor total	Tasa de apreciación
Centros de datos	$ 7.6 mil millones	6.2%
Redes de fibra	$ 5.3 mil millones	5.8%
Torres	$ 3.9 mil millones	4.7%

Ingresos de alquiler de propiedades del centro de datos

En 2023, DigitalBridge generó $ 892 millones en ingresos por alquiler de propiedades del centro de datos en múltiples regiones geográficas.

• Tasa de ocupación promedio: 93.5%
• Término de arrendamiento promedio ponderado: 7.3 años
• Crecimiento de ingresos de alquiler: 8.4% año tras año

Tarifas de gestión de inversiones

Las tarifas de gestión de inversiones para 2023 totalizaron $ 276 millones, que representa el 15.3% de las fuentes de ingresos totales.

Tipo de tarifa	Cantidad	Porcentaje de total
Tarifas de base de gestión	$ 198 millones	71.7%
Tarifas de rendimiento	$ 78 millones	28.3%

Ganancias de capital de las ventas de activos estratégicos

Ventas de activos estratégicos en 2023 generados $ 534 millones en ganancias de capital, con un margen de beneficio neto de 22.6%.

Ingresos de arrendamiento de infraestructura tecnológica

Los ingresos de arrendamiento de infraestructura tecnológica alcanzaron $ 647 millones En 2023, con el siguiente desglose:

• Arrendamiento de la red de fibra: $ 276 millones
• Arrendamiento de infraestructura de la torre: $ 221 millones
• Arrendamiento de Edge Computing: $ 150 millones

Tipo de infraestructura	Ingresos de arrendamiento	Índice de crecimiento
Redes de fibra	$ 276 millones	9.2%
Torres	$ 221 millones	7.5%
Computación de borde	$ 150 millones	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.