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Bridge Investment Group, KBAM Forge $1B Strategic Relationship
Bridge Investment Group Holdings Inc. and KB Asset Management (KBAM) have established a strategic relationship designed to strengthen KBAM’s overseas real estate management and investment capabilities and provide additional opportunities for Bridge to raise capital in Korea.
The relationship entails KBAM making equity capital commitments across Bridge’s funds of at least $1 billion over the next four years, including commitments to multifamily and single-family rental strategies, and additional commitments from third-party investors of at least $2 billion.
KBAM plans to actively utilize Bridge’s managed fund to diversify KBAM’s overseas real estate portfolio and further improve mid- to long-term returns. KBAM and Bridge will also utilize KBAM’s wide Korean domestic fund sales organization to develop and sell customized foreign real estate products.
““We decided that Bridge is the right strategic partner for KBAM’s global expansion in asset management capabilities,” a KBAM official said.
- ◦Sale/Acquisition
- ◦Financing
