{"id":1004748389,"date":"2025-02-24T08:55:34","date_gmt":"2025-02-24T16:55:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004748389"},"modified":"2025-02-26T00:28:09","modified_gmt":"2025-02-26T08:28:09","slug":"apollo-to-acquire-bridge-investment-for-1-5b","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apollo-to-acquire-bridge-investment-for-1-5b\/","title":{"rendered":"Apollo to Acquire Bridge Investment for $1.5B"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Marc-Rowan-Images-540x337.jpg\"><img decoding=\"async\" data-attachment-id=\"1004124920\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/day-at-the-apollo-strategic-moves\/marc-rowan-images-540x337\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Marc-Rowan-Images-540x337-e1740414887118.jpg\" data-orig-size=\"413,310\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Marc-Rowan-Images-540&#215;337\" data-image-description=\"&lt;p&gt;Headshot of Marc Rowan.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Marc Rowan, CEO &#038; Co-founder of Apollo Global Management. Image courtesy of Apollo Global Management&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Marc-Rowan-Images-540x337-e1740414887118.jpg?w=413\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Marc-Rowan-Images-540x337.jpg\" alt=\"Headshot of Marc Rowan.\" class=\"wp-image-1004124920\" style=\"width:400px\"\/><\/a><figcaption class=\"wp-element-caption\">Marc Rowan, Co-founder &amp; CEO of Apollo Global Management.<em> Image courtesy of Apollo Global Management<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Apollo has entered into a definitive agreement to acquire Bridge Investment Group Holdings Inc. The deal is an all-stock transaction with an equity value of about $1.5 billion, anticipated to close in the third quarter of this year.<\/p>\n\n\n\n<p>Bridge will function as an independent platform within Apollo&#8217;s asset management division, keeping its brand, management team and capital formation team. Executive Chair Bob Morse will join Apollo as a partner and head the real estate equity franchise.<\/p>\n\n\n\n<p>Founded in 2009, Bridge had approximately $50 billion in residential and <a href=\"https:\/\/www.commercialsearch.com\/news\/whats-next-for-industrial-real-estate\/\">industrial assets<\/a> under management as of December. The company, which went public in July 2021, will expand Apollo&#8217;s real estate equity platform and boost its origination capabilities in both real estate equity and credit.<\/p>\n\n\n\n<p>Apollo Global Management aims to more than double its assets under management from about $700 billion to $1.5 trillion by the end of 2029, according to the <em>Financial Times<\/em>. Additionally, the company plans to increase its annual debt originations to $275 billion within the same timeframe.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strategic-advisors-for-the-agreement\">Strategic advisors for the agreement<\/h2>\n\n\n\n<p>BofA Securities, Citi, Goldman, Sachs &amp; Co. LLC, Morgan Stanley &amp; Co. LLC and Newmark Group are acting as financial advisors, while Paul, Weiss, Rifkind, Wharton &amp; Garrison LLP provides legal counsel and Sidley Austin LLP is acting as insurance regulatory counsel to Apollo.<\/p>\n\n\n\n<p>J.P. Morgan Securities LLC is serving as financial advisor to Bridge, while Latham &amp; Watkins LLP is acting as legal counsel. Lazard is working as financial advisor to the special committee of the Bridge Board of Directors and Cravath, Swaine &amp; Moore LLP is acting as legal counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The deal is expected to close in the third quarter.<\/p>\n","protected":false},"author":3355,"featured_media":1004124920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,23891,21742],"tags":[34301,43553],"class_list":["post-1004748389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","tag-apollo-global-management","tag-bridge-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apollo to Acquire Bridge Investment for $1.5B - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Apollo entered into a definitive agreement to buy Bridge Investment for $1.5 billion, in a deal that is set to close in the third quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/apollo-to-acquire-bridge-investment-for-1-5b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apollo to Acquire Bridge Investment for $1.5B\" \/>\n<meta property=\"og:description\" content=\"Apollo entered into a definitive agreement to buy Bridge Investment for $1.5 billion, in a deal that is set to close in the third quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/apollo-to-acquire-bridge-investment-for-1-5b\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T16:55:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T08:28:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Marc-Rowan-Images-540x337-e1740414887118.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"413\" \/>\n\t<meta property=\"og:image:height\" content=\"310\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/apollo-to-acquire-bridge-investment-for-1-5b\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/apollo-to-acquire-bridge-investment-for-1-5b\/\",\"name\":\"Apollo to Acquire Bridge Investment for $1.5B - 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