Bridge Investment Group Explained

Bridge Investment Group Holdings Inc.
Type:Public
Industry:Investment management
Predecessors:-->
Successors:-->
Hq Location:111 East Sego Lily Drive
Hq Location City:Salt Lake City
Hq Location Country:Utah, United States
Products:Alternative investments
Private equity real estate
Private credit
Aum:$48.8 billion (March 31, 2023)[1]
Owners:-->
Subsid:Newbury Partners
Footnotes:[2] [3]

Bridge Investment Group Holdings Inc. is an American alternative investment company headquartered in Salt Lake City, Utah. The company focuses on investments in the real estate sector as well as credit investments. It has expanded into other areas such as the private-equity secondary market, property technology, and renewable energy.

In 2022, the firm was ranked by PERE (under Private Equity International) as the thirteenth largest private equity real estate company based on total fundraising over the most recent five-year period.[4]

History

Bridge Investment Group was founded in 2009.[5]

In July 2019, Bridge announced it would be deploying $509 million in capital for projects in opportunity zones.[6] In January 2021, Bridge announced it had raised almost $2 billion in capital for opportunity zones projects.[7]

In July 2021, Bridge held an initial public offering becoming a listed company on the New York Stock Exchange at $16 per share.[8] [9]

In February 2023, Bridge acquired private equity firm, Newbury Partners in $320.1 million all-cash deal so it could perform activities in the private-equity secondary market.[10] [11]

In August 2023, it was reported that investors in Bridge stock had lost 22% over the last year.[12]

Notes and References

  1. Web site: Q1 2023 10-Q Report . ir.bridgeig.com . May 13, 2023 . May 13, 2023 . https://web.archive.org/web/20230513021350/https://ir.bridgeig.com/sec-filings/all-sec-filings/content/0001854401-23-000069/brdg-20230331.htm . live .
  2. Web site: Form ADV . SEC . May 13, 2023 . May 13, 2023 . https://web.archive.org/web/20230513021339/https://reports.adviserinfo.sec.gov/reports/ADV/159127/PDF/159127.pdf . live .
  3. Web site: 2022 10-K Report . ir.bridgeig.com . May 13, 2023 . March 17, 2024 . https://web.archive.org/web/20240317034154/https://ir.bridgeig.com/sec-filings/all-sec-filings/content/0001854401-23-000041/brdg-20221231.htm . live .
  4. Web site: 2022 . The PERE 100 bounces back . Harrison Street . May 13, 2023 . July 7, 2022 . https://web.archive.org/web/20220707033350/https://harrisonst.com/wp-content/uploads/2022/06/The-PERE-100-Bounces-Back.pdf . live .
  5. Web site: Machine . Weighing . December 16, 2022 . Bridge Investment Group: 8% Yield & Significant Upside Potential (BRDG) Seeking Alpha . May 13, 2023 . seekingalpha.com . en . May 13, 2023 . https://web.archive.org/web/20230513031503/https://seekingalpha.com/article/4564859-bridge-investment-group-8-percent-yield-significant-upside-potential . live .
  6. News: July 9, 2019 . The Masses Are Drawn Toward Funds Chasing Real Estate Tax Breaks . en . Bloomberg.com . May 13, 2023 . January 2, 2022 . https://web.archive.org/web/20220102223629/https://www.bloomberg.com/news/articles/2019-07-09/wealthy-masses-bet-500-million-as-new-funds-chase-u-s-tax-perk . live .
  7. News: January 15, 2021 . Stock Market Rally Spurs Investment in New Tax-Saving Funds . en . Bloomberg.com . May 13, 2023 . January 15, 2021 . https://web.archive.org/web/20210115175835/https://www.bloomberg.com/news/articles/2021-01-15/stock-market-s-rally-spurs-investment-in-new-tax-saving-funds . live .
  8. News: July 15, 2021 . Bridge Investment Group Holdings Inc. Announces Pricing of Initial Public Offering . en . Bloomberg.com . May 13, 2023.
  9. Web site: Dorbian . Iris . July 16, 2021 . Bridge Investment Group goes public . May 13, 2023 . PE Hub . en-US . May 13, 2023 . https://web.archive.org/web/20230513031503/https://www.pehub.com/bridge-investment-group-goes-public/ . live .
  10. News: James . Rod . February 14, 2023 . Bridge Investment Group Moves Into Secondaries With Newbury Acquisition . en-US . Wall Street Journal . May 13, 2023 . 0099-9660 . May 13, 2023 . https://web.archive.org/web/20230513030825/https://www.wsj.com/articles/bridge-investment-group-moves-into-secondaries-with-newbury-acquisition-bd4b3a87 . live .
  11. Web site: Manayiti . Obey Martin . February 21, 2023 . Bridge's $320m acquisition of Newbury opens path to real estate secondaries . May 13, 2023 . PE Hub . en-US . May 13, 2023 . https://web.archive.org/web/20230513033007/https://www.pehub.com/bridges-acquisition-of-newbury-offers-path-to-real-estate-secondaries/ . live .
  12. Web site: August 1, 2023 . Investors in Bridge Investment Group Holdings (NYSE:BRDG) have unfortunately lost 22% over the last year . September 21, 2023 . Yahoo Finance . en-US . August 2, 2023 . https://web.archive.org/web/20230802140536/https://finance.yahoo.com/news/investors-bridge-investment-group-holdings-115955241.html . live .

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