The story
Bridge Investment Group was founded in 2009. Ten years later, it announced it would be deploying $509 million in capital for projects in opportunity zones.
In January 2021, Bridge announced it had raised almost $2 billion in capital for opportunity zones projects. In July, the firm held an initial public offering becoming a listed company on the New York Stock Exchange at $16 per share.
In 2022, the firm was ranked by PERE (under Private Equity International) as the thirteenth largest private equity real estate company based on total fundraising over the most recent five-year period.
In February 2023, the company acquired private equity firm Newbury Partners in $320.1 million all-cash deal so it could perform activities in the private-equity secondary market. In August, it was reported that investors in Bridge stock had lost 22% over the last year.
In February 2025, asset management firm Apollo Global Management agreed to acquire Bridge for $1.5 billion. On September 2, it was announced that this transaction had been completed.
From Wikipedia’s article on Bridge Investment Group, shared under CC BY-SA 4.0.4