Digitalbridge Group, Inc. (DBRG): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do investimento em infraestrutura digital, o Digitalbridge Group, Inc. (DBRG) surge como uma potência, navegando estrategicamente no complexo cenário de ativos imobiliários e de telecomunicações de tecnologia. Esta empresa inovadora transforma a infraestrutura digital em uma oportunidade de investimento atraente, aproveitando sua sofisticada tela de modelo de negócios para criar valor em plataformas de investimento institucional. Ao equilibrar meticulosamente parcerias estratégicas, recursos tecnológicos de ponta e uma abordagem diversificada de portfólio, a DBRG oferece aos investidores uma porta de entrada única para o ecossistema digital de alto crescimento que está reformulando os investimentos globais de infraestrutura.

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com investidores de infraestrutura digital

O DigitalBridge Group estabeleceu parcerias estratégicas com várias entidades de investimento em infraestrutura digital:

Parceiro	Foco de investimento	Valor da parceria
Parceiros de infraestrutura de Blackstone	Infraestrutura digital	US $ 1,2 bilhão de compromisso de investimento
Parceiros globais de infraestrutura	Infraestrutura de telecomunicações	Contrato de co-investimento de US $ 850 milhões

Parcerias com empresas de telecomunicações

As principais parcerias de telecomunicações incluem:

• Verizon Communications - Tower Infrastructure Collaboration
• Desenvolvimento de infraestrutura de rede AT&T - 5G
• T -Mobile - Parceria de expansão de rede de pequenas células

Colaboração com empresas de private equity

Empresa de private equity	Segmento de investimento	Detalhes da parceria
KKR	Infraestrutura digital	Plataforma de investimento conjunto de US $ 750 milhões
Brookfield Asset Management	Investimentos de data center	Contrato de co-investimento de US $ 500 milhões

Joint ventures com operadores de data center

• Equinix - US $ 400 milhões de investimentos em conjunto de data centers
• Digital Realty Trust - Desenvolvimento de infraestrutura colaborativa
• Corporação Corese Realty - parcerias de interconexão de rede

Relações de investimento com investidores institucionais

Investidor institucional	Tipo de investimento	Valor do investimento
Sistema de Aposentadoria dos Funcionários Públicos da Califórnia (Calpers)	Fundo de Infraestrutura Digital	Compromisso de US $ 600 milhões
Plano de pensão dos professores de Ontário	Investimento de infraestrutura	Alocação de US $ 450 milhões

DigitalBridge Group, Inc. (DBRG) - Modelo de negócios: Atividades -chave

Investimento de infraestrutura digital e gerenciamento

A partir do quarto trimestre 2023, a DigitalBridge gerencia aproximadamente US $ 35,3 bilhões em ativos de infraestrutura digital em todo o mundo.

Categoria de ativos	Investimento total	Propagação geográfica
Data centers	US $ 16,8 bilhões	América do Norte, Europa, Ásia
Torres	US $ 12,5 bilhões	Estados Unidos, América Latina
Redes de fibra	US $ 6 bilhões	Estados Unidos, Europa

Aquisição e desenvolvimento de data centers

Em 2023, a DigitalBridge concluiu aquisições estratégicas de data center, totalizando US $ 2,3 bilhões.

• Investimentos de data center de hipercala: 3 grandes projetos
• Expansões de infraestrutura de computação de borda: 7 desenvolvimentos regionais
• Capacidade total de novos data centers adicionados: 250 megawatts

Otimização de portfólio imobiliário digital

Métrica do portfólio	2023 desempenho
Valor total do portfólio	US $ 35,3 bilhões
Taxa de ocupação de portfólio	92.5%
Rendimento anual de portfólio	6.7%

Avaliação de ativos tecnológicos e posicionamento estratégico

A metodologia de avaliação de ativos tecnológicos da DigitalBridge se concentra em:

• Modelagem preditiva de fluxo de caixa
• Previsão da demanda de mercado
• Avaliação de risco de obsolescência tecnológica

Alocação de capital e execução da estratégia de investimento

Categoria de investimento	2023 Alocação	Foco estratégico
Infraestrutura digital	US $ 2,7 bilhões	Expansão e modernização
Parcerias estratégicas	US $ 450 milhões	Colaborações de tecnologia e infraestrutura
Pesquisa e desenvolvimento	US $ 120 milhões	Tecnologias de infraestrutura digital emergentes

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: Recursos -chave

Extenso portfólio de infraestrutura digital

A partir do quarto trimestre 2023, a DigitalBridge gerencia aproximadamente US $ 35 bilhões em ativos de infraestrutura digital.

Categoria de ativos	Valor total	Número de ativos
Data centers	US $ 15,2 bilhões	37 instalações
Infraestrutura de telecomunicações	US $ 12,7 bilhões	52 sites de rede
Torres digitais	US $ 7,1 bilhões	1.243 locais da torre

Equipe de gerenciamento experiente

Equipe de liderança com uma média de 22 anos de experiência em investimento em infraestrutura digital.

• Marc Ganzi - Presidente e CEO, com mais de 20 anos em investimento em infraestrutura digital
• Jacobs Spencer - Diretor Financeiro
• 6 Executivos seniores com experiência anterior em investimentos em tecnologia e infraestrutura

Capital financeiro

Recursos financeiros em 31 de dezembro de 2023:

Métrica financeira	Quantia
Total de ativos	US $ 13,4 bilhões
Linhas de crédito disponíveis	US $ 2,1 bilhões
Caixa e equivalentes de dinheiro	US $ 487 milhões

Ativos avançados de data center e telecomunicações

Especificações de tecnologia de infraestrutura:

• 37 instalações de data center em 6 países
• Capacidade total do data center: 650 megawatts
• Cobertura de rede: 52 sites de telecomunicações
• Rede de fibras: 128.000 milhas de rota

Relacionamentos da indústria

Parcerias e investimentos estratégicos:

Tipo de parceiro	Número de parcerias
Operadores de telecomunicações	14
Provedores de serviços em nuvem	8
Empresas de tecnologia corporativa	22

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: proposições de valor

Plataforma especializada de investimento em infraestrutura digital

A partir do quarto trimestre 2023, a DigitalBridge gerencia US $ 37,4 bilhões em ativos de infraestrutura digital nos mercados globais.

Categoria de investimento	Total de ativos	Propagação geográfica
Infraestrutura digital	US $ 37,4 bilhões	América do Norte, Europa, Ásia

Oportunidades imobiliárias de tecnologia de alto crescimento

Foco no investimento em segmentos críticos de infraestrutura de tecnologia:

• Data Centers: 45% do portfólio
• Comunicações digitais: 30% do portfólio
• Redes de fibras: 15% do portfólio
• Infraestrutura sem fio: 10% do portfólio

Portfólio de ativos digitais diversificado

Tipo de ativo	Valor de investimento	Taxa de crescimento anual
Data centers	US $ 16,8 bilhões	12.5%
Comunicações digitais	US $ 11,2 bilhões	9.7%

Investimentos de infraestrutura sustentáveis ​​e escaláveis

Métricas de sustentabilidade para investimentos em infraestrutura digital:

• Alvo de redução de carbono: 30% até 2030
• Uso de energia verde: 65% das operações do data center
• Melhorias de eficiência energética: 22% ano a ano

Soluções avançadas de infraestrutura tecnológica

Redução de investimentos em tecnologia:

Segmento de tecnologia	Alocação de investimento	Potencial de mercado
Computação de borda	US $ 5,6 bilhões	Mercado de US $ 54,2 bilhões até 2026
Infraestrutura 5G	US $ 3,2 bilhões	Mercado de US $ 47,8 bilhões até 2027

DigitalBridge Group, Inc. (DBRG) - Modelo de negócios: Relacionamentos do cliente

Comunicação e transparência focadas em investidores

A partir do quarto trimestre 2023, o DigitalBridge Group mantém canais de comunicação direta para investidores com aproximadamente 287 investidores institucionais representando US $ 1,47 bilhão em capital total de investimento.

Canal de comunicação do investidor	Métricas de engajamento
Chamadas de conferência de investidores	4 ligações trimestrais por ano
Dia do Investidor Anual	1 evento anualmente
Interações diretas do investidor	287 investidores institucionais

Relatórios financeiros trimestrais e atualizações de investidores

A DigitalBridge fornece relatórios financeiros trimestrais abrangentes com métricas detalhadas de desempenho.

• Sec Formulário 10-Q Frequência: trimestral
• Ganhos médios chamam o participante contagem: 82 analistas financeiros
• Deck de apresentação do investidor: 35-40 páginas de informações financeiras detalhadas

Plataformas digitais para engajamento de investidores

As plataformas de engajamento digital incluem site dedicado de relações com investidores com acesso a dados financeiros em tempo real.

Plataforma digital	Estatísticas de engajamento
Site de Relações com Investidores	Visitantes mensais médios: 4.672
Webcast de ganhos	Espectadores simultâneos médios: 126

Serviços personalizados de gerenciamento de investimentos

A DigitalBridge oferece abordagens de gerenciamento de investimentos personalizados para investidores institucionais e credenciados.

• Limite mínimo de investimento: US $ 500.000
• Equipe dedicada de relações com investidores: 7 profissionais
• Estratégias de gerenciamento de portfólio personalizadas

Briefings regulares de desempenho e estratégia

A comunicação estratégica inclui atualizações detalhadas de desempenho nos segmentos de investimento em infraestrutura digital.

Tipo de briefing	Freqüência	Intervalo de participantes
Revisão trimestral de desempenho	4 vezes anualmente	50-90 investidores institucionais
Perspectivas estratégicas anuais	1 tempo por ano	100-150 investidores

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: canais

Site de Relações com Investidores

A DigitalBridge mantém um site de relações com investidores em ir.digitalbridge.com com os seguintes recursos principais:

Elemento do site	Detalhes
Registros da SEC	Acesso total a documentos 10-K, 10-Q e 8-K
Relatórios financeiros	Demonstrações financeiras trimestrais e anuais
Informações sobre ações	Preço das ações em tempo real, desempenho histórico

Apresentações da conferência financeira

A DigitalBridge participa de várias conferências de investidores anualmente:

• Morgan Stanley Technology, mídia & Conferência de Telecomunicações
• Conferência de Propriedade Global do Citi
• Conferência Real Estate Global do Bank of America

Plataformas de investimento digital

Plataforma	Nível de acesso ao investidor
Corretores interativos	Recursos de negociação completos
Charles Schwab	Opções abrangentes de investimento
Fidelidade	Pesquisa e negociação detalhados

Comunicações de investidores institucionais diretos

Canais de comunicação:

• Chamadas de conferência de ganhos trimestrais
• Reuniões individuais de investidores
• Relações com investidores dedicados E -mail: investores@digitalbridge.com

Reuniões anuais de acionistas

Atributo de reunião	2024 Detalhes
Data	16 de maio de 2024
Localização	Formato híbrido virtual e físico
Plataformas de votação	Votação eletrônica e física

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: segmentos de clientes

Investidores institucionais

A partir do quarto trimestre 2023, a DigitalBridge gerencia US $ 35,3 bilhões em ativos de infraestrutura digital. A base de investidores institucionais inclui:

Tipo de investidor	Porcentagem de alocação
Fundos de pensão	42%
Fundos soberanos de riqueza	23%
Doações	18%
Companhias de seguros	17%

Empresas de private equity

A DigitalBridge tem como alvo as empresas de private equity com oportunidades de investimento em infraestrutura digital.

• Capital total de co-investimento: US $ 2,8 bilhões
• Tamanho médio do investimento: US $ 150 a US $ 500 milhões
• Setores de foco de infraestrutura digital: data centers, torres, redes de fibras

Fundos de infraestrutura de tecnologia

Investimentos de Fundo de Infraestrutura de Tecnologia a partir de 2024:

Categoria de fundo	Volume de investimento
Fundos de infraestrutura digital	US $ 12,6 bilhões
Fundos de infraestrutura em nuvem	US $ 5,4 bilhões

Empresas de telecomunicações

Principais segmentos de clientes de telecomunicações:

• Transportadoras globais: 7 principais parceiros de telecomunicações
• Provedores regionais de telecomunicações: 15 parcerias ativas
• Investimento total de infraestrutura de telecomunicações: US $ 4,2 bilhões

Funcionários de investimento imobiliário (REITs)

REIT Detalhes do portfólio de investimentos:

Segmento REIT	Investimento total
REITs de infraestrutura digital	US $ 8,7 bilhões
REITs de data center	US $ 3,5 bilhões

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: estrutura de custos

Despesas de aquisição de investimentos

No quarto trimestre 2023, o DigitalBridge Group registrou despesas totais de aquisição de investimentos de US $ 287,4 milhões. Essas despesas incluem:

Categoria de despesa	Valor ($)
Custos de aquisição de infraestrutura digital	186,2 milhões
Taxas de consultoria de transação	41,6 milhões
Despesas de due diligence	59,6 milhões

Custos de gerenciamento de portfólio

Os custos anuais de gerenciamento de portfólio para 2023 totalizaram US $ 124,7 milhões, divididos da seguinte forma:

• Taxas de gerenciamento de ativos: US $ 68,3 milhões
• Despesas de monitoramento de portfólio: US $ 32,5 milhões
• Sistemas de rastreamento de desempenho: US $ 23,9 milhões

Manutenção de infraestrutura operacional

As despesas operacionais de manutenção de infraestrutura para 2023 foram de US $ 93,6 milhões, incluindo:

Categoria de manutenção de infraestrutura	Valor ($)
Manutenção do data center	42,1 milhões
Infraestrutura de rede	31,5 milhões
Uportagem de infraestrutura física	20,0 milhões

Desenvolvimento e integração de tecnologia

Os custos de desenvolvimento de tecnologia para 2023 totalizaram US $ 76,2 milhões:

• Desenvolvimento de software: US $ 38,4 milhões
• Integração da infraestrutura em nuvem: US $ 22,7 milhões
• Aprimoramentos de segurança cibernética: US $ 15,1 milhões

Conformidade e despesas regulatórias

Os custos de conformidade e regulamentação para 2023 foram de US $ 45,3 milhões, detalhados da seguinte forma:

Categoria de conformidade	Valor ($)
Relatórios regulatórios	18,6 milhões
Despesas legais e de auditoria	15,7 milhões
Tecnologia de conformidade	11,0 milhões

Estrutura de custo total para 2023: US $ 626,2 milhões

Digitalbridge Group, Inc. (DBRG) - Modelo de negócios: fluxos de receita

Apreciação de ativos de infraestrutura digital

No quarto trimestre 2023, a DigitalBridge registrou ativos totais de infraestrutura digital avaliados em US $ 18,4 bilhões. A estratégia de valorização dos ativos gerou aproximadamente US $ 412 milhões em ganhos não realizados durante o ano fiscal.

Categoria de ativos	Valor total	Taxa de valorização
Data centers	US $ 7,6 bilhões	6.2%
Redes de fibra	US $ 5,3 bilhões	5.8%
Torres	US $ 3,9 bilhões	4.7%

Receita de aluguel de propriedades de data center

Em 2023, o DigitalBridge gerado US $ 892 milhões em renda de aluguel das propriedades do data center em várias regiões geográficas.

• Taxa média de ocupação: 93,5%
• Termo médio ponderado de arrendamento: 7,3 anos
• Crescimento da renda do aluguel: 8,4% ano a ano

Taxas de gerenciamento de investimentos

Taxas de gerenciamento de investimentos para 2023 totalizaram US $ 276 milhões, representando 15,3% do total de fluxos de receita.

Tipo de taxa	Quantia	Porcentagem de total
Taxas base de gerenciamento	US $ 198 milhões	71.7%
Taxas de desempenho	US $ 78 milhões	28.3%

Ganhos de capital com vendas estratégicas de ativos

Vendas de ativos estratégicos em 2023 gerados US $ 534 milhões em ganhos de capital, com uma margem de lucro líquido de 22,6%.

Receita de leasing de infraestrutura de tecnologia

Receita de leasing de infraestrutura de tecnologia alcançada US $ 647 milhões em 2023, com a seguinte quebra:

• Leasing de rede de fibras: US $ 276 milhões
• Leasing de infraestrutura de torre: US $ 221 milhões
• Leasing de computação de borda: US $ 150 milhões

Tipo de infraestrutura	Receita de arrendamento	Taxa de crescimento
Redes de fibra	US $ 276 milhões	9.2%
Torres	US $ 221 milhões	7.5%
Computação de borda	US $ 150 milhões	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.