Bookmark list disappears until relaunch

Description of the issue:
After opening a Private Window, Bookmarks menu no longer lists bookmarks, just the usual 3 menu items at the top.

How can this issue be reproduced?

  1. Launch browser.
  2. Check Bookmarks menu - verify list of saved bookmarks and folders display normally.
  3. Open a New Private Window. Go to any site.
  4. Close Private Window.
  5. Check Bookmarks menu again - verify saved bookmarks and folders are no longer display, just the 3 items at the top.
  6. Close the browser.
  7. Relaunch browser - verify Bookmarks show full list of saved bookmarks and folders again.

Expected result:
After closing Private Window, Bookmarks window should be unaffected.

Brave Version( check About Brave):
Version 1.47.171 Chromium: 109.0.5414.87 (Official Build) (arm64)

Additional Information:
macOS Monterey version 12.6.2 (21G320)
Mac Studio (2022)
Chip M1 Max