Apollo to Acquire Bridge Investment Group for $1.5B

Apollo has struck a deal to buy Bridge Investment Group in an all-stock deal worth around $1.5 billion. Bridge oversees $50 billion in assets, with a focus on residential and industrial properties. The deal will nearly double Apollo’s real estate holdings, pushing them past $110 billion.

Bridge stockholders will receive 0.07081 shares of Apollo stock for each of their shares at $11.50 per share. Post-deal, Bridge will run as its own platform under Apollo’s asset management umbrella, keeping its brand and leadership intact. The deal is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.

The acquisition will provide Apollo with immediate scale to its real estate equity platform and enhance its origination capabilities. The transaction is expected to close in the third quarter of 2025. Bridge management and affiliates, owning approximately 51.4% of voting power, have agreed to vote in favor of the transaction.

“Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform,” said Apollo partner and co-head of equity David Sambur.

BofA Securities, Citi, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and Newmark Group are acting as financial advisors, Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel and Sidley Austin LLP is acting as insurance regulatory counsel to Apollo. JPMorgan Securities LLC is serving as financial advisor to Bridge and Latham & Watkins LLP is acting as legal counsel. Lazard is serving as financial advisor to the special committee of the Bridge board of directors and Cravath, Swaine & Moore LLP is acting as legal counsel.

Pictured: Bridge Investment Group’s recently acquired Glen 91 in Glendale, AZ.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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