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SALT LAKE CITY–(BUSINESS WIRE)–Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced that it has completed fundraising for the Bridge Debt Strategies Fund IV (“BDS IV” or the “Fund”), raising $2.9 billion in equity commitments.
Bridge Debt Strategies Fund IV is a diversified, three-pronged strategy focused on originating first mortgage direct loans, investing in Freddie Mac K-Series B-Pieces, and opportunistically investing in other CRE backed debt such as CRE CLOs. Leveraging Bridge’s vertically integrated platform and in-house expertise across the Multifamily, Office, Seniors Housing, and Logistics sectors, the Fund invests in underserved parts of the debt market where barriers to entry are high, and competition is more limited.
“We are proud to announce an expanded fundraise for the fourth vintage of the Bridge Debt Strategies private real estate debt offering,” commented James Chung, Chief Investment Officer for the Bridge Debt Strategies funds. “Our heavy focus on recession-resistant multifamily collateral and floating rate debt positions the Fund well in the current market environment. To date, we have assembled a durable portfolio and have substantial dry powder which will create the opportunity to deliver strong returns to our investors.”
“BDS IV is one of our numerous investment vehicles focused on the residential rental market in the US, and like our complementary strategies in multifamily, workforce housing and single family for rent, uses specialized expertise in a targeted investment thesis to create attractive exposure to a high-performing asset class,” commented Robert Morse, Executive Chairman at Bridge.
About Bridge Investment Group
Bridge is a leading, vertically integrated real estate investment manager, diversified across specialized asset classes, with approximately $38.8 billion of assets under management as of March 31, 2022. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which relate to future events or our future performance or financial condition. All statements other than statements of historical facts may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “outlook,” “could,” “believes,” “expects,” “potential,” “opportunity,” “continues,” “may,” “will,” “should,” “over time,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “foresees” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. Accordingly, we caution you that any such forward-looking statements are based on our beliefs, assumptions and expectations as of the date made of our future performance, taking into account all information available to us at that time. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties that are difficult to predict and beyond our control. Actual results may differ materially from those express or implied in the forward-looking statements as a result of a number of factors, including but not limited to those risks described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. Bridge Investment Group Holdings Inc. undertakes no duty to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of the Company or any investment fund managed by the Company or its affiliates.
Contacts
Investor Relations:
Charlotte Morse
Bridge Investment Group Holdings Inc.
charlotte.morse@bridgeig.com
Media:
Charlotte Morse
Bridge Investment Group Holdings Inc.
(877) 866-4540
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