Bridge Investment Group Holdings Inc. (NYSE:BRDG) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

Bonni Rosen - Head of Shareholder Relations

Robert Morse - Executive Chairman

Jonathan Slager - Chief Executive Officer

Katie Elsnab - Chief Accounting Officer

Conference Call Participants

Michael Cyprus - Morgan Stanley

Finian O'Shea - Wells Fargo

Ken Worthington - J.P. Morgan

Operator

Greetings. Welcome to the Bridge Investment Group’s First Quarter 2022 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Bonni Rosen, Head of Shareholder Relations. You may begin.

Bonni Rosen

Good morning, everyone. We appreciate you joining us for the Bridge Investment Group first quarter 2022 financial results conference call. Our prepared remarks will include comments from our Executive Chairman, Robert Morse; Chief Executive Officer, Jonathan Slager; and our Chief Accounting Officer, Katie Elsnab.

We will hold a Q&A session following the prepared remarks where will have Dean Allara, Vice Chairman and Head of our Client Solutions Group join. As a quick house-keeping item, please note the new format of our supplemental earnings presentation, which is designed to complement our prepared remarks and provide our shareholders and constituencies with comprehensive data and full transparency.

As always, we welcome feedback on our materials and hope you find the new layout helpful. During the call today, we will discuss certain non-GAAP financial metrics. The reconciliation of the non-GAAP metrics are provided in the appendix of our supplemental slides. The supplemental materials are accessible on our IR website at ir.bridgeig.com. These slides can be found under the presentations portion of the site along with the first quarter earnings call event link. They are also available live during the webcast.

It is now my pleasure to turn the call over to Bob.

Robert Morse

Thank you, Bonni. We’re excited to announce another solid quarter for Bridge. Momentum through year-end 2021 continued and in 1Q 2022 Bridge again produced strong growth across each of our key metrics. First quarter of 2022 was the best first quarter in our history. Distributable earnings per share more than doubled year-over-year to $0.28 a share driven by a healthy combination of management and performance fee revenues across a broad and growing set of fund strategies.