Apollo Finalizes $1.5 Billion Acquisition of Bridge Investment Group

Apollo (NYSE:APO) has completed the acquisition of Bridge Investment Group Holdings Inc. in an all-stock transaction with an equity value of approximately $1.5 billion. As a platform company within Apollo’s asset management business, Bridge will retain its existing brand, management and investment teams and dedicated capital formation team.

“Bridge has built an incredible organization with deep investment talent, specialized operating expertise and strong investor relationships. Combined with our existing real estate capabilities, we believe this positions us to deliver for clients across market cycles with a full-service platform,” said David Sambur, Apollo partner and co-head of equity.

Previously reported by AltsWire in February of this year, Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings.

Bridge, founded in 2009, is an alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of June 30, 2025. Led by a senior leadership team and over 300 investment professionals, it has historically focused on residential and industrial real estate.

Bob Morse, Bridge’s executive chairman, said: “Joining Apollo marks an exciting new chapter for Bridge, which enables us to build on the strengths that we have developed over more than 15 years with the resources and strategic guidance of one of the world’s foremost alternative asset managers.”

Pursuant to the terms of the transaction, Apollo said Bridge stockholders and Bridge OpCo unitholders are entitled to receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. As a result of the completion of the acquisition, Bridge’s common stock has ceased trading on the New York Stock Exchange.

“With Apollo’s support, we see significant opportunity to expand and diversify our investment verticals, enhance our capital formation capabilities and drive value for our investors. We look forward to working together to build one of the industry’s premier real estate investment franchises,” added Morse.

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