Apollo Global: Expanding Real Estate Equity Platform with Bridge Investment Group Acquisition

Apollo Global Management (NYSE: APO) has announced that its 2025 Annual Meeting of Stockholders will be held virtually on June 6, 2025, at 9:30 am ET. The record date for the meeting is April 14, 2025, and information on the virtual meeting will be included in the 2025 proxy statement. This meeting comes at an exciting time for Apollo, as the company continues to expand its real estate equity platform through strategic acquisitions.

Apollo, a high-growth, global alternative asset manager, seeks to provide excess return at every point along the risk-reward spectrum from investment grade credit to private equity. With approximately $751 billion of assets under management as of December 31, 2024, Apollo has a strong track record of delivering value to its clients and providing innovative capital solutions for businesses seeking growth.

One of Apollo's most recent strategic moves is the acquisition of Bridge Investment Group Holdings Inc. (NYSE: BRDG), a leading residential and industrial real estate investment firm. The all-stock transaction, valued at approximately $1.5 billion, is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals.

Bridge Investment Group, founded in 2009, has a proven track record of success in the real estate sector. Led by an experienced senior leadership team and over 300 dedicated investment professionals, Bridge's forward-integrated model, nationwide operating platform, and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes. The acquisition of Bridge is expected to be highly synergistic with Apollo's existing real estate equity strategies and leading real estate credit platform.

The acquisition of Bridge is expected to provide Apollo with immediate scale to its real estate equity platform and enhance its origination capabilities in both real estate equity and credit. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients, which is expected to be highly complementary to Apollo's existing real estate equity strategies and real estate credit platform. The transaction is expected to be immediately accretive to Apollo's fee-related earnings upon closing.

Apollo Partner and Co-Head of Equity David Sambur stated, "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."

Bridge Executive Chairman Bob Morse commented, "We are proud to be joining Apollo and its industry-leading team, who share our commitment to performance and excellence. This transaction will allow the Bridge and Apollo teams to grow on the strong foundation that Bridge has built since 2009 as we work to pursue meaningful value and impact for our investors and communities. With Apollo's global integrated platform, resources, innovation and established expertise, we are confident that Bridge will be positioned for the next phase of growth amid growing demand across the alternative investments space."

In conclusion, Apollo's 2025 Annual Meeting of Stockholders comes at an exciting time for the company, as it continues to expand its real estate equity platform through the acquisition of Bridge Investment Group. This strategic move is expected to provide Apollo with immediate scale, enhance its origination capabilities, and align with its strategic focus on expanding its origination base in growing areas of its business. As Apollo looks to the future, investors can expect the company to continue delivering value to its clients and providing innovative capital solutions for businesses seeking growth.