**Apollo to Acquire Bridge Investment Group in $1.5 Billion All-Stock Deal**

Apollo Global Management (NYSE: APO) has announced its acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG) in an all-stock transaction valued at approximately $1.5 billion. This move expands Apollo’s real estate equity platform, strengthening its origination capabilities in both real estate equity and credit.

Bridge, which manages around $50 billion in assets, specializes in residential and industrial real estate. Following the merger, Bridge will operate as a standalone platform within Apollo’s asset management division while retaining its leadership team and brand identity. Bridge’s Executive Chairman, Bob Morse, will join Apollo as a partner and lead the firm’s real estate equity franchise.

The transaction, unanimously approved by Bridge’s independent directors, is expected to close in Q3 2025, pending regulatory approvals and stockholder consent. Bridge’s shares will be delisted from the New York Stock Exchange upon completion, making it a privately held entity.

Apollo anticipates the acquisition will be immediately accretive to its fee-related earnings and align with its long-term growth strategy in alternative investments.

**Source: Apollo Global Management, "Apollo to Acquire Bridge Investment Group," February 24, 2025.**