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Bridge Investment Group Holdings Inc. is an alternative investment manager focused on specialized asset classes, with investment teams across real estate, credit, renewable energy and secondaries strategies. Following the completed 2025 merger, Bridge survives as a wholly owned subsidiary of Apollo Global Management.
Company updates have covered operating and financial results, dividends, senior leadership promotions, shareholder voting matters and capital-structure disclosures. Recurring real estate news has included Bridge Logistics Properties activity, including acquisitions and refinancing of Class A industrial and logistics portfolios in U.S. markets such as Atlanta, the Inland Empire and other core distribution hubs.
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Bridge Investment Group Holdings Inc. (NYSE: BRDG) has announced the upcoming release of its first quarter 2023 financial results on May 8, 2023, post-market close. The company will hold a conference call on May 9, 2023, at 9:30 am ET to discuss the results. Interested parties can join via phone or webcast. As of December 31, 2022, Bridge managed approximately $48.5 billion in assets, following the acquisition of Newbury Partners, which was finalized on March 31, 2023.
Bridge Investment Group Holdings Inc. (BRDG) has finalized its $320.1 million cash acquisition of Newbury Partners LLC, a leading investment manager specializing in secondary transactions of private equity funds. Newbury, with over $6.2 billion raised since its inception in 2006, manages $4.3 billion in fee-earning assets under management as of December 31, 2022. This acquisition diversifies Bridge’s investment portfolio and is expected to enhance its earnings metrics immediately. The collaboration aims to leverage Newbury's expertise in the growing alternative investment sector, particularly in expanding into adjacent secondaries asset classes.
Bridge Investment Group Holdings reported fourth-quarter net income of $18.2 million and annual net income of $272.4 million for 2022. The earnings per share for Class A common stock were $(0.04) for the quarter and $0.92 for the year. Distributable earnings for the quarter were $35.6 million ($0.21 per share) and $187.9 million ($1.10 per share) for the year. The company declared a quarterly dividend of $0.17 per share. Additionally, Bridge announced a definitive agreement to acquire Newbury Partners LLC for $320.1 million, expanding into the private equity secondaries market.