DigitalBridge Group, Inc. (NYSE:DBRG) Q3 2023 Earnings Call Transcript

Operator: There are no further questions at this time. I would like to turn the floor back over to Marc Ganzi for closing comments. Please go ahead.

Marc Ganzi : Yes, thank you, operator. Well, first, I want to thank everyone for showing up on the call today. As I think you hear in my tone and my tenor, we’re very optimistic. This was exciting to get to the first close of our new strategy. And we’re again reaffirming our guide for fundraising this year. It’s been a tough market out there, but we seem to be defying gravity in terms of fundraising. We’ve done a great job returning capital to LPs. We’ve done a very good job managing our assets in our portfolio companies. And the state of DigitalBridge is quite strong as we sit here today. As we move into the fourth quarter, you can expect more of the same. As I said before, we’re pretty excited about the fact that now we convert into fees on our new strategy, you’ll see a strong financial performance here in the fourth quarter and that will persist into next year.

We remain incredibly optimistic around the fundraising environment and exactly where we are in terms of our key accounts and where our fundraising is. And then in terms of capital deployment, as I said just a few moments ago, we are sitting on a $33 billion pipeline of new opportunity in terms of where to invest capital and we will start deploying that capital in short order. So to sum it up, it’s really about hitting the marks on capital formation, maintaining our portfolio, maintaining our competitive advantage, and of course, raising more capital and deploying that capital in what we think are some of the best strategies in the world in digital infrastructure. It’s a privilege to represent your capital. We appreciate your support and we look forward to talking to most of you soon.

Thank you. Have a great weekend and have a great rest of your week. Take care.

Operator: This concludes today’s conference call. You may disconnect your lines at this time. Thank you for your participation and have a great day.