$733 Billion Private Equity Firm Apollo Capital Management to Buy Real Estate Asset Manager Bridge Investment Group with $50 Billion AUM for $1.5 Billion in All-Share-Deal Representing 45% Premium to Last Closing Price (24/2/25), Founded in 2009 & IPO in 2021, Bridge Investment Group Chairman Bob Morse Will Become Partner at Apollo & Head of Real Estate Equity Business
25th February 2025 | Hong Kong
Leading private equity firm Apollo Capital Management ($733 billion AUM) has announced to buy real estate asset manager Bridge Investment Group ($50 Billion AUM) for $1.5 billion in all-share-deal representing 45% premium to the last closing price (24/2/25). Bridge Investment Group was founded in 2009 & IPO in 2021. Bridge Investment Group Chairman Bob Morse will become a Partner at Apollo & Head of Real Estate Equity business. Apollo (24/2/25): “Apollo (NYSE: APO) and Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge” or the “Company”) today announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all-stock transaction with an equity value of approximately $1.5 billion. Founded in 2009, Bridge is an established leader in residential and industrial real estate as well as other specialized real estate asset classes. Led by an experienced senior leadership team and over 300 dedicated investment professionals with significant real estate investment and operating expertise, Bridge’s forward-integrated model, nationwide operating platform and data-driven approach have fostered organic growth and consistently produced desirable outcomes across asset classes. Bridge will provide Apollo with immediate scale to its real estate equity platform and enhance Apollo’s origination capabilities in both real estate equity and credit, which is expected to benefit Apollo’s growing suite of hybrid and real estate product offerings. Bridge manages approximately $50 billion of high-quality AUM in real estate products targeting both institutional and wealth clients and is expected to be highly synergistic with Apollo’s existing real estate equity strategies and leading real estate credit platform. The transaction is expected to be immediately accretive to Apollo’s fee-related earnings upon closing.” In 2024 December, Apollo Capital Management ($733 billion AUM) is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo Capital Management ($733 billion AUM) is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
“ $733 Billion Private Equity Firm Apollo Capital Management to Buy Real Estate Asset Manager Bridge Investment Group with $50 Billion AUM for $1.5 Billion in All-Share-Deal Representing 45% Premium to Last Closing Price (24/2/25), Founded in 2009 & IPO in 2021, Bridge Investment Group Chairman Bob Morse Will Become Partner at Apollo & Head of Real Estate Equity Business “
Apollo Partner and Co-Head of Equity David Sambur: “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: “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.”
Apollo – Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management.
Bridge Investment Group – Bridge is a leading alternative investment manager, diversified across specialized asset classes, with approximately $50 billion of assets under management as of December 31, 2024. Bridge combines its nationwide operating platform with dedicated teams of investment professionals focused on select verticals across real estate, credit, renewable energy and secondaries strategies.
$733 Billion Private Equity Firm Apollo Capital Management to Launch 11th Private Equity Fund in 2025 Targeting to Raise $25 Billion, Closed 10th Private Equity Fund in 2023 with $20 Billion
12th December 2024 – Leading private equity firm Apollo Capital Management ($733 billion AUM) is planning to launch 11th private equity fund in 2025 targeting to raise $25 billion. In 2023, Apollo closed the 10th private equity fund with $20 billion. In 2024 November, Apollo Capital Management ($733 billion AUM) is targeting $150 billion raise from the wealth business by 2029, and expansion in APAC with focus on hiring in Japan, South Korea, Australia, Singapore & Hong Kong. Apollo has raised $5 billion from affluent investors in APAC since the launch of the Private Wealth unit in APAC in 2022.
$631 Billion Private Equity Firm Apollo Capital Management Raised $35 Billion from APAC Since 2022 Led by Head of APAC Matthew Michelini, Focused on Raising Capital from Institutional Investors with Insurers Investing $14 Billion, Fund Strategies in Private Markets Include Private Credit & Hybrid Financing, Stopped Asia Real Estate Equity Fund
20th April 2024 – Apollo Capital Management, one of the world’s top private equity & alternative asset manager with $631 billion (AUM), has raised $35 billion from Asia-Pacific (APAC) since 2022 led by Head of APAC Matthew Michelini (16 years at Apollo since 2006). In APAC, Apollo focused on raising capital from institutional investors with insurers investing $14 billion of the $35 billion raised since 2022. Apollo fund strategies (APAC) in private markets include private credit & hybrid financing, and had stopped Asia real estate equity fund. In 2023 December, Apollo appointed Edward Moon as Partner, 2 years after joining Apollo from HSBC Private Bank. Edward Moon is Apollo Head of Asia-Pacific Global Wealth and had joined in 2022 from HSBC Private Bank (Managing Director & Head of Alternative Investments, APAC). Edward Moon has more than 30 years of financial industry experience including at Citigroup, Credit Suisse & Bank of Singapore (Private Bank). In 2021, Apollo Capital Management had implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM).
$631 Billion Private Equity Firm Apollo Capital Management Appoints Edward Moon as Partner, Edward Moon is Apollo Head of Asia-Pacific Global Wealth & Joined in 2022 from HSBC Private Bank, More than 30 Years of Financial Industry Experience Including Citigroup, Credit Suisse & Bank of Singapore
23rd December 2023 – Apollo Capital Management, one of the world’s top private equity & alternative asset manager with $631 billion (AUM), has appointed Edward Moon as Partner, 2 years after joining Apollo from HSBC Private Bank. Edward Moon is Apollo Head of Asia-Pacific Global Wealth and had joined in 2022 from HSBC Private Bank (Managing Director & Head of Alternative Investments, APAC). Edward Moon has more than 30 years of financial industry experience including at Citigroup, Credit Suisse & Bank of Singapore (Private Bank). In 2021, Apollo Capital Management had implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM).
Edward Moon, Apollo Managing Director & Head of Asia Pacific Global Wealth – Edward Moon is Managing Director and Head of Asia Pacific Global Wealth in the Client and Product Solutions group at Apollo. Prior to joining in 2022, Edward was Managing Director and Head of Alternative Investments, Asia Pacific at HSBC Global Private Banking. Previously, he was Executive Director and Head of Hedge Funds and Liquid Alternatives at Bank of Singapore and served as CIO of Woori Absolute Partners before that. Earlier in his career, Edward served as Co-CIO and Managing Partner at EDGE Holdings Ltd.; as VP and Head of Equity Capital Markets (Korea) at Citigroup, and co-established Credit Suisse’s representative office in Korea.
$481 Billion Apollo Capital Management Hires HSBC Private Bank Edward Moon as Head of Asia-Pacific Global Wealth
3rd December 2021 – Apollo Capital Management, one of the world’s top private equity & alternative asset manager with $481 billion AUM, has hired HSBC Private Bank Managing Director Edward Moon as Head of Asia-Pacific Global Wealth. Joining in January 2022, Edward Moon was HSBC Private Bank Managing Director and Regional Head of Alternatives (Asia). Apollo Capital Management has implemented major strategic growth plan on offering alternative investment solutions to both individual investors and to wealth advisors. On 2nd December 2021, Apollo Capital Management announced the plan to buy the United States wealth distribution and asset management businesses of Griffin Capital ($5 billion AUM). (Assets under Management)
Edward Moon, Private Banking to Private Equity & Alternatives
Edward Moon has more than 20 years of of financial industry experience across alternatives, investment management and investment banking. He was HSBC Private Bank Managing Director and Regional Head of Alternatives (Asia), and earlier in his career was responsible for all hedge fund and liquid alternative investments at Bank of Singapore, held various roles at Lighthouse Canton (Managing Director), Woori Financial Group (Chief Investment Officer for alternative investments platform), Citigroup (VP) and Credit Suisse.
About Apollo
Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and equity. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2021, Apollo had approximately $481 billion of assets under management. To learn more, please visit www.apollo.com.
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