Apollo completed the acquisition of Bridge Investment Group for $1.5bn.

Apollo, a high-growth, global alternative asset manager, completed the acquisition of Bridge Investment Group, a residential and industrial real estate firm, for $1.5bn. “Completing the acquisition of Bridge marks an important step for Apollo’s real estate business, providing immediate scale in real estate equity and strengthening our ability to originate across secular growth areas of the market. Bridge has built an incredible organization with deep investment talent, specialized operating expertise and strong investor relationships. Combined with our existing real estate capabilities, we believe this positions us to deliver for clients across market cycles with a full-service platform,” David Sambur, Apollo Partner and Co-Head of Equity.