Bridge: Joining Forces with Apollo for Real Estate Expansion

Apollo Global Management, a major player in the alternative asset management arena, has announced its acquisition of Bridge Investment Group Holdings in an all-stock transaction valued at approximately $1.5 billion. Bridge, founded in 2009, is renowned for its robust presence in the residential and industrial real estate investment sector, boasting about $50 billion in assets under management. This strategic move is aimed at enhancing Apollo’s real estate equity and credit origination capabilities, aligning with their long-term growth strategy. The transaction, which involves Bridge stockholders receiving 0.07081 shares of Apollo stock per Bridge share, will see Bridge functioning as a standalone platform under Apollo’s management while retaining its brand and management team. Leading the charge for Apollo in this merger is David Sambur, Co-Head of Equity, who views this deal as a means to scale Apollo’s emerging yet burgeoning sectors. The merger has received the unanimous recommendation of a special committee of Bridge's independent directors and is anticipated to finalize in the third quarter of 2025, pending regulatory and shareholder approvals.