Bridge Investment Group completed the acquisition of Newbury Partners from RidgeLake Partners for $320m.

Bridge Investment Group, a vertically integrated real estate investment manager, completed the acquisition of Newbury Partners, an investment manager, from RidgeLake Partners, a partnership between PA Capital and Ottawa Avenue Private Capital, for $320m. “This acquisition and our expansion into the attractive secondaries sector further diversifies our strong platform and positions Bridge for accelerated growth. We believe secondary investments are increasing in appeal to a growing group of investors and we are excited to add Newbury’s expertise to our platform,” Robert Morse, Bridge Executive Chairman.