Digitalbridge Group, Inc. (DBRG): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique de l'investissement dans les infrastructures numériques, Digitalbridge Group, Inc. (DBRG) émerge comme une puissance, naviguant stratégiquement dans le paysage complexe de l'immobilier technologique et des actifs de télécommunications. Cette entreprise innovante transforme les infrastructures numériques en une opportunité d'investissement convaincante, tirant parti de sa toile de modèle commercial sophistiqué pour créer de la valeur entre les plateformes d'investissement institutionnelles. En équilibrant méticuleusement les partenariats stratégiques, les ressources technologiques de pointe et une approche de portefeuille diversifiée, DBRG offre aux investisseurs une passerelle unique sur l'écosystème numérique à forte croissance qui remodeler les investissements mondiaux d'infrastructure.

Digitalbridge Group, Inc. (DBRG) - Modèle commercial: partenariats clés

Alliances stratégiques avec des investisseurs d'infrastructure numérique

Digitalbridge Group a établi des partenariats stratégiques avec plusieurs entités d'investissement d'infrastructure numérique:

Partenaire	Focus d'investissement	Valeur de partenariat
Partenaires d'infrastructure Blackstone	Infrastructure numérique	Engagement d'investissement de 1,2 milliard de dollars
Partenaires mondiaux d'infrastructure	Infrastructure de télécommunications	Contrat de co-investissement de 850 millions de dollars

Partenariats avec les sociétés de télécommunications

Les principaux partenariats de télécommunications comprennent:

• Verizon Communications - Tower Infrastructure Collaboration
• AT&T - 5G Network Infrastructure Development
• T-MOBILE - Partenariat d'extension du réseau à petites cellules

Collaboration avec des sociétés de capital-investissement

Private equity	Segment d'investissement	Détails du partenariat
Kkr	Infrastructure numérique	Plateforme d'investissement conjoint de 750 millions de dollars
Brookfield Asset Management	Investissements du centre de données	Contrat de co-investissement de 500 millions de dollars

Coentreprises avec des opérateurs de centres de données

• Equinix - 400 millions de dollars d'investissement de centre de données conjoint
• Digital Realty Trust - Développement de l'infrastructure collaborative
• Coresite Realty Corporation - Network Interconnection Partnerships

Relations d'investissement avec les investisseurs institutionnels

Investisseur institutionnel	Type d'investissement	Montant d'investissement
Système de retraite des employés publics de Californie (CALPERS)	Fonds d'infrastructure numérique	Engagement de 600 millions de dollars
Plan de retraite des enseignants de l'Ontario	Investissement en infrastructure	Attribution de 450 millions de dollars

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: activités clés

Investissement et gestion des infrastructures numériques

Au quatrième trimestre 2023, Digitalbridge gère environ 35,3 milliards de dollars d'actifs d'infrastructure numérique dans le monde.

Catégorie d'actifs	Investissement total	Propagation géographique
Centres de données	16,8 milliards de dollars	Amérique du Nord, Europe, Asie
Tours	12,5 milliards de dollars	États-Unis, Amérique latine
Réseaux de fibres	6 milliards de dollars	États-Unis, Europe

Acquisition et développement du centre de données

En 2023, DigitalBridge a terminé les acquisitions de centre de données stratégiques totalisant 2,3 milliards de dollars.

• Hyperscale Data Center Investments: 3 projets majeurs
• Extensions des infrastructures informatiques Edge: 7 développements régionaux
• Capacité totale du centre de données ajouté: 250 mégawatts

Optimisation du portefeuille immobilier numérique

Métrique de portefeuille	Performance de 2023
Valeur totale du portefeuille	35,3 milliards de dollars
Taux d'occupation du portefeuille	92.5%
Rendement annuel du portefeuille	6.7%

Évaluation des actifs technologiques et positionnement stratégique

La méthodologie d'évaluation des actifs technologiques de Digitalbridge se concentre sur:

• Modélisation prédictive des flux de trésorerie
• Prévision de la demande du marché
• Évaluation des risques d'obsolescence technologique

Exécution de l'allocation des capitaux et de la stratégie d'investissement

Catégorie d'investissement	2023 allocation	Focus stratégique
Infrastructure numérique	2,7 milliards de dollars	Extension et modernisation
Partenariats stratégiques	450 millions de dollars	Collaborations technologiques et infrastructures
Recherche et développement	120 millions de dollars	Technologies émergentes d'infrastructure numérique

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: Ressources clés

Portefeuille d'infrastructures numériques étendu

Au quatrième trimestre 2023, Digitalbridge gère environ 35 milliards de dollars d'actifs d'infrastructure numérique.

Catégorie d'actifs	Valeur totale	Nombre d'actifs
Centres de données	15,2 milliards de dollars	37 installations
Infrastructure de télécommunications	12,7 milliards de dollars	52 sites réseau
Tours numériques	7,1 milliards de dollars	1 243 emplacements de tour

Équipe de gestion expérimentée

Équipe de direction avec une expérience en moyenne 22 ans d'expérience d'investissement dans les infrastructures numériques.

• Marc Ganzi - Président et chef de la direction, avec plus de 20 ans dans l'investissement d'infrastructure numérique
• Jacobs Spencer - directeur financier
• 6 cadres supérieurs ayant une expérience antérieure dans les investissements technologiques et infrastructures

Capital financier

Ressources financières au 31 décembre 2023:

Métrique financière	Montant
Actif total	13,4 milliards de dollars
Facilités de crédit disponibles	2,1 milliards de dollars
Equivalents en espèces et en espèces	487 millions de dollars

Centre de données avancé et actifs de télécommunications

Spécifications de la technologie des infrastructures:

• 37 Installations du centre de données dans 6 pays
• Capacité totale du centre de données: 650 mégawatts
• Couverture réseau: 52 sites de télécommunications
• Réseau de fibres: 128 000 miles de route

Relations de l'industrie

Partenariats stratégiques et investissements:

Type de partenaire	Nombre de partenariats
Opérateurs de télécommunications	14
Fournisseurs de services cloud	8
Entreprises technologiques d'entreprise	22

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: propositions de valeur

Plateforme d'investissement spécialisée d'infrastructure numérique

Dès le quatrième trimestre 2023, Digitalbridge gère 37,4 milliards de dollars d'actifs d'infrastructure numérique sur les marchés mondiaux.

Catégorie d'investissement	Actif total	Propagation géographique
Infrastructure numérique	37,4 milliards de dollars	Amérique du Nord, Europe, Asie

Opportunités immobilières de la technologie à forte croissance

L'investissement se concentre sur les segments d'infrastructures technologiques critiques:

• Centres de données: 45% du portefeuille
• Communications numériques: 30% du portefeuille
• Réseaux de fibres: 15% du portefeuille
• Infrastructure sans fil: 10% du portefeuille

Portfolio d'actifs numériques diversifié

Type d'actif	Valeur d'investissement	Taux de croissance annuel
Centres de données	16,8 milliards de dollars	12.5%
Communications numériques	11,2 milliards de dollars	9.7%

Investissements d'infrastructure durables et évolutifs

Mesures de durabilité pour les investissements dans les infrastructures numériques:

• Cible de réduction du carbone: 30% d'ici 2030
• Utilisation d'énergie verte: 65% des opérations du centre de données
• Améliorations de l'efficacité énergétique: 22% d'une année sur l'autre

Solutions d'infrastructure technologique avancées

Répartition des investissements technologiques:

Segment technologique	Allocation des investissements	Potentiel de marché
Informatique Edge	5,6 milliards de dollars	Marché de 54,2 milliards de dollars d'ici 2026
Infrastructure 5G	3,2 milliards de dollars	47,8 milliards de dollars de marché d'ici 2027

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: relations avec les clients

Communication et transparence axées sur les investisseurs

Au quatrième trimestre 2023, Digitalbridge Group maintient les canaux de communication des investisseurs directs avec environ 287 investisseurs institutionnels représentant 1,47 milliard de dollars de capital d'investissement.

Canal de communication des investisseurs	Métriques d'engagement
Conférence téléphonique des investisseurs	4 appels trimestriels par an
Journée annuelle des investisseurs	1 événement par an
Interactions directes des investisseurs	287 investisseurs institutionnels

Rapports financiers trimestriels et mises à jour des investisseurs

Digitalbridge fournit des rapports financiers trimestriels complets avec des mesures de performance détaillées.

• SEC Formulaire 10-Q Fréquence de dépôt: trimestriel
• Récompense des bénéfices moyens Compte des participants: 82 analystes financiers
• Deck de présentation des investisseurs: 35 à 40 pages d'informations financières détaillées

Plateformes numériques pour l'engagement des investisseurs

Les plateformes d'engagement numérique incluent un site Web de relations avec les investisseurs dédiés avec l'accès aux données financières en temps réel.

Plate-forme numérique	Statistiques d'engagement
Site Web de relations avec les investisseurs	Visiteurs mensuels moyens: 4 672
Webdication sur les gains	Téléspectateurs simultanés moyens: 126

Services de gestion des investissements personnalisés

Digitalbridge propose des approches de gestion des investissements sur mesure pour les investisseurs institutionnels et accrédités.

• Seuil d'investissement minimum: 500 000 $
• Équipe de relations avec les investisseurs dédiés: 7 professionnels
• Stratégies de gestion de portefeuille personnalisées

Performance régulière et briefings de stratégie

La communication stratégique comprend des mises à jour détaillées de performances dans les segments d'investissement des infrastructures numériques.

Type de briefing	Fréquence	Gamme de participants
Revue de performance trimestrielle	4 fois par an	50-90 investisseurs institutionnels
Perspectives stratégiques annuelles	1 fois par an	100-150 investisseurs

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: canaux

Site Web de relations avec les investisseurs

DigitalBridge maintient un site Web de relations avec les investisseurs sur ir.digitalbridge.com avec les principales fonctionnalités suivantes:

Élément de site Web	Détails
Dépôts de la SEC	Accès complet aux documents 10-K, 10-Q, 8-K
Rapports financiers	États financiers trimestriels et annuels
Information sur stockage	Prix ​​de l'action en temps réel, performance historique

Présentations de la conférence financière

Digitalbridge participe à plusieurs conférences d'investisseurs chaque année:

• Technologie Morgan Stanley, médias & Conférence de télécommunications
• Citi Global Property Conference
• Conférence immobilière mondiale de Bank of America

Plates-formes d'investissement numériques

Plate-forme	Niveau d'accès aux investisseurs
Courtiers interactifs	Capacités de trading complètes
Charles Schwab	Options d'investissement complètes
Fidélité	Recherche et trading détaillés

Communications des investisseurs institutionnels directs

Canaux de communication:

• Conférences de résultats trimestriels
• Réunions d'investisseurs en tête-à-tête
• Relations dédiées aux investisseurs Courriel: investisseurs@digitalbridge.com

Réunions annuelles des actionnaires

Attribut de réunion	2024 Détails
Date	16 mai 2024
Emplacement	Format hybride virtuel et physique
Plateformes de vote	Bulletin de vote électronique et physique

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

Au quatrième trimestre 2023, Digitalbridge gère 35,3 milliards de dollars d'actifs d'infrastructure numérique. La base d'investisseurs institutionnels comprend:

Type d'investisseur	Pourcentage d'allocation
Fonds de pension	42%
Fonds de richesse souverain	23%
Dotation	18%
Compagnies d'assurance	17%

Sociétés de capital-investissement

DigitalBridge cible les sociétés de capital-investissement avec des opportunités d'investissement dans les infrastructures numériques.

• Capital total de co-investissement: 2,8 milliards de dollars
• Taille moyenne de l'investissement: 150 à 500 millions de dollars
• Secteurs de la mise au point des infrastructures numériques: centres de données, tours, réseaux de fibres

Fonds d'infrastructure technologique

Investissements de fonds d'infrastructure technologique en 2024:

Catégorie de fonds	Volume d'investissement
Fonds d'infrastructure numérique	12,6 milliards de dollars
Fonds d'infrastructure cloud	5,4 milliards de dollars

Sociétés de télécommunications

Segments de clientèle clés de télécommunications:

• Transporteurs mondiaux: 7 grands partenaires de télécommunications
• Fournisseurs de télécommunications régionales: 15 partenariats actifs
• Investissement total d'infrastructure de télécommunications: 4,2 milliards de dollars

Trusts de placement immobilier (FPI)

Détails du portefeuille d'investissement REIT:

Segment du REIT	Investissement total
FPI d'infrastructure numérique	8,7 milliards de dollars
REITS du centre de données	3,5 milliards de dollars

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: Structure des coûts

Frais d'acquisition d'investissement

Au quatrième trimestre 2023, Digitalbridge Group a déclaré des dépenses totales d'acquisition d'investissement de 287,4 millions de dollars. Ces dépenses comprennent:

Catégorie de dépenses	Montant ($)
Coûts d'acquisition d'infrastructure numérique	186,2 millions
Frais de conseil des transactions	41,6 millions
Frais de diligence raisonnable	59,6 millions

Coûts de gestion du portefeuille

Les coûts annuels de gestion du portefeuille pour 2023 ont totalisé 124,7 millions de dollars, en panne comme suit:

• Frais de gestion des actifs: 68,3 millions de dollars
• Dépenses de surveillance du portefeuille: 32,5 millions de dollars
• Systèmes de suivi des performances: 23,9 millions de dollars

Maintenance des infrastructures opérationnelles

Les dépenses de maintenance des infrastructures opérationnelles pour 2023 étaient de 93,6 millions de dollars, notamment:

Catégorie de maintenance des infrastructures	Montant ($)
Maintenance du centre de données	42,1 millions
Infrastructure réseau	31,5 millions
Entretien des infrastructures physiques	20,0 millions

Développement et intégration technologiques

Les coûts de développement technologique pour 2023 s'élevaient à 76,2 millions de dollars:

• Développement de logiciels: 38,4 millions de dollars
• Intégration des infrastructures cloud: 22,7 millions de dollars
• Améliorations de la cybersécurité: 15,1 millions de dollars

Compliance et dépenses réglementaires

Les coûts de conformité et de réglementation pour 2023 étaient de 45,3 millions de dollars, détaillés comme suit:

Catégorie de conformité	Montant ($)
Représentation réglementaire	18,6 millions
Dépenses juridiques et d'audit	15,7 millions
Technologie de conformité	11,0 millions

Structure totale des coûts pour 2023: 626,2 millions de dollars

Digitalbridge Group, Inc. (DBRG) - Modèle d'entreprise: Strots de revenus

Appréciation des actifs d'infrastructure numérique

Au quatrième trimestre 2023, Digitalbridge a déclaré que les actifs totaux d'infrastructure numérique d'une valeur de 18,4 milliards de dollars. La stratégie d'appréciation des actifs a généré environ 412 millions de dollars en gains non réalisés au cours de l'exercice.

Catégorie d'actifs	Valeur totale	Taux d'appréciation
Centres de données	7,6 milliards de dollars	6.2%
Réseaux de fibres	5,3 milliards de dollars	5.8%
Tours	3,9 milliards de dollars	4.7%

Revenus locatifs des propriétés du centre de données

En 2023, DigitalBridge a généré 892 millions de dollars de revenus de location à partir des propriétés du centre de données dans plusieurs régions géographiques.

• Taux d'occupation moyen: 93,5%
• Terme de location moyenne pondérée: 7,3 ans
• Croissance des revenus locatifs: 8,4% en glissement annuel

Frais de gestion des investissements

Les frais de gestion des investissements pour 2023 ont totalisé 276 millions de dollars, représentant 15,3% du total des sources de revenus.

Type de frais	Montant	Pourcentage du total
Frais de base de gestion	198 millions de dollars	71.7%
Frais de performance	78 millions de dollars	28.3%

Gains en capital à partir des ventes d'actifs stratégiques

Les ventes d'actifs stratégiques en 2023 ont généré 534 millions de dollars de gains en capital, avec une marge bénéficiaire nette de 22,6%.

Infrastructure technologique Revenus de location

Infrastructure technologique Les revenus de la location 647 millions de dollars en 2023, avec la ventilation suivante:

• Location du réseau de fibres: 276 millions de dollars
• Location des infrastructures de tour: 221 millions de dollars
• Location de l'informatique Edge: 150 millions de dollars

Type d'infrastructure	Revenus de location	Taux de croissance
Réseaux de fibres	276 millions de dollars	9.2%
Tours	221 millions de dollars	7.5%
Informatique Edge	150 millions de dollars	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.