Apollo Completes Acquisition of Bridge Investment Group

Core Viewpoint - Apollo has successfully completed the acquisition of Bridge Investment Group in an all-stock transaction, enhancing its real estate business and investment capabilities [1][2]. Company Overview - Apollo is a global alternative asset manager with approximately $840 billion in assets under management as of June 30, 2025, focusing on providing excess returns across various risk-reward spectrums [7]. - Bridge Investment Group, now an affiliate of Apollo, manages around $50 billion in assets as of June 30, 2025, specializing in alternative investments across various asset classes [8]. Transaction Details - Bridge stockholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock, valued at $11.50 per share [3]. - Following the acquisition, Bridge's common stock has ceased trading on the New York Stock Exchange [3]. Strategic Implications - The acquisition is expected to provide Apollo with immediate scale in real estate equity and enhance its ability to originate investments in growth areas of the market [2]. - Bridge's management believes that joining Apollo will allow for significant opportunities to expand and diversify investment verticals and enhance capital formation capabilities [2].