Apollo Global Management has announced its plans to acquire the real estate investment firm Bridge Investment Group for $1.5 billion. This significant deal is aimed at diversifying Apollo’s portfolio and filling gaps in its real estate investments. The acquisition is expected to close in the first half of 2025, pending regulatory approvals and other customary closing conditions. Apollo has stated that the deal will enhance its capabilities in real estate, particularly in areas where Bridge has established expertise. The CEO of Apollo, Marc Rowan, commented, ‘Bridge has a strong track record and its specialized knowledge in areas like multifamily housing and logistics aligns perfectly with our strategic vision.’ The acquisition aligns with Apollo’s recent trend of expanding its alternatives investment strategies n a rapidly evolving market. Bridge Investment Group has approximately $38 billion in assets under management, focusing on sectors such as industrial, residential, and healthcare real estate.
