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Apollo to buy real estate firm Bridge Investment Group for $1.5 billionAfter closing of the deal, expected in the third quarter of 2025, Bridge will operate as a standalone platform within Apollo's asset management business, retaining its existing brand and management team.
Reuters
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<div class="paragraphs"><p>A Wall Street sign hangs in front of a US Flag outside the New York Stock Exchange  before the Federal Reserve announcement in New York City.</p></div>

A Wall Street sign hangs in front of a US Flag outside the New York Stock Exchange before the Federal Reserve announcement in New York City.

Credit: Reuters photo

Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, the companies said on Monday.

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After closing of the deal, expected in the third quarter of 2025, Bridge will operate as a standalone platform within Apollo's asset management business, retaining its existing brand and management team.

Bridge Investment had a market capitalization of about $960 million, as of Friday's close, according to data compiled by LSEG.

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(Published 24 February 2025, 20:02 IST)