Apollo to acquire Bridge Investment Group for $1.5bn.

Apollo, a high-growth, global alternative asset manager, agreed to acquire Bridge Investment Group, a residential and industrial real estate firm, for $1.5bn. "We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale. Led by a respected real estate team including Executive Chairman Bob Morse and CEO Jonathan Slager, Bridge brings a seasoned team with deep expertise and a strong track record in their sectors. Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform. We look forward to working with Bob and the talented Bridge team as we seek to achieve the strategic objectives we laid out at our recent Investor Day," David Sambur, Apollo Partner and Co-Head of Equity.