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Bridge Investment Group Holdings Inc. operated as a vertically integrated alternative investment manager specializing in real estate, credit, renewable energy, and secondaries strategies. In September 2025, Apollo Global Management completed its acquisition of Bridge in a $1.5 billion all-stock transaction. Following the acquisition, Bridge's common stock ceased trading on the New York Stock Exchange, and the company now operates as a platform company within Apollo's asset management business.
During its time as a public company, Bridge managed approximately $50 billion in assets across diverse investment verticals. The firm's real estate platform encompassed multifamily properties, workforce and affordable housing, seniors housing communities, single-family rentals, office buildings, development projects, and logistics facilities. Bridge's credit business focused on debt strategies and agency mortgage-backed securities, while its renewable energy subsidiary developed solar and energy storage infrastructure across multiple states.
Bridge distinguished itself through a vertically integrated operating model that combined investment management with direct property operations. The firm maintained a 4,200-person operating platform managing approximately 90,000 residential units across 35 states, performing asset management, property management, leasing, and construction management functions. This hands-on approach allowed Bridge to drive value directly at the asset level across its portfolio.
The Apollo acquisition marked a significant transition for Bridge, providing the firm with access to Apollo's broader platform and resources while allowing Apollo to expand its real estate equity capabilities. Bridge retained its brand, management teams, and capital formation operations as part of Apollo's asset management business, continuing to serve institutional and individual investors across its specialized investment strategies.
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.
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