Bridge Investment Group

Last updated

Bridge Investment Group Holdings Inc.
Company type Public
Industry Investment management
Founded2009;15 years ago (2009)
Headquarters111 East Sego Lily Drive,
Salt Lake City
,
Utah, United States
Key people
Products Alternative investments
Private equity real estate
Private credit
RevenueIncrease2.svg $409.05 million (FY 2022)
Decrease2.svg $272.37 million (FY 2022)
AUM $48.8 billion (March 31, 2023) [1]
Total assets Increase2.svg $1.15 billion (FY 2022)
Total equity Increase2.svg $646.32 million (FY 2022)
Number of employees
Increase2.svg 2,250 (FY 2022)
Subsidiaries Newbury Partners
Website www.bridgeig.com
Footnotes /references
[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.

Contents

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. [5] [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]

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References

  1. ↑ "Q1 2023 10-Q Report". ir.bridgeig.com. Archived from the original on May 13, 2023. Retrieved May 13, 2023.
  2. ↑ "Form ADV" (PDF). SEC. Archived (PDF) from the original on May 13, 2023. Retrieved May 13, 2023.
  3. ↑ "2022 10-K Report". ir.bridgeig.com. Archived from the original on March 17, 2024. Retrieved May 13, 2023.
  4. ↑ "The PERE 100 bounces back" (PDF). Harrison Street. 2022. Archived (PDF) from the original on July 7, 2022. Retrieved May 13, 2023.
  5. 1 2 Machine, Weighing (December 16, 2022). "Bridge Investment Group: 8% Yield & Significant Upside Potential (BRDG) | Seeking Alpha". seekingalpha.com. Archived from the original on May 13, 2023. Retrieved May 13, 2023.
  6. ↑ "The Masses Are Drawn Toward Funds Chasing Real Estate Tax Breaks". Bloomberg.com. July 9, 2019. Archived from the original on January 2, 2022. Retrieved May 13, 2023.
  7. ↑ "Stock Market Rally Spurs Investment in New Tax-Saving Funds". Bloomberg.com. January 15, 2021. Archived from the original on January 15, 2021. Retrieved May 13, 2023.
  8. ↑ "Bridge Investment Group Holdings Inc. Announces Pricing of Initial Public Offering". Bloomberg.com. July 15, 2021. Retrieved May 13, 2023.
  9. ↑ Dorbian, Iris (July 16, 2021). "Bridge Investment Group goes public". PE Hub. Archived from the original on May 13, 2023. Retrieved May 13, 2023.
  10. ↑ James, Rod (February 14, 2023). "Bridge Investment Group Moves Into Secondaries With Newbury Acquisition". Wall Street Journal. ISSN   0099-9660. Archived from the original on May 13, 2023. Retrieved May 13, 2023.
  11. ↑ Manayiti, Obey Martin (February 21, 2023). "Bridge's $320m acquisition of Newbury opens path to real estate secondaries". PE Hub. Archived from the original on May 13, 2023. Retrieved May 13, 2023.
  12. ↑ "Investors in Bridge Investment Group Holdings (NYSE:BRDG) have unfortunately lost 22% over the last year". Yahoo Finance. August 1, 2023. Archived from the original on August 2, 2023. Retrieved September 21, 2023.
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