Bridge Investment Group Merges with Apollo, Shares Drop 2%

By Tamara Parker • Monday, March 10 06:09 • Permanent Link

Bridge Investment Group Holdings Inc. has recently released its 10-K report, detailing its financial performance and operations. The company, founded in 2009 and headquartered in Salt Lake City, Utah, is a leading alternative investment manager with approximately $49.8 billion of assets under management (AUM) as of December 31, 2024. It serves around 100 global institutions and 6,500 individual investors across approximately 25 investment vehicles, focusing on specialized asset classes such as real estate, credit, renewable energy, and secondaries strategies.

In the 10-K report, Bridge Investment Group Holdings Inc. discussed its business segment, operating as one integrated alternative investment manager. The report highlighted the company's recent events, including its entry into a Merger Agreement, which entails merging with Apollo in an all-stock transaction with an estimated total equity value of approximately $1.5 billion. The report also outlined trends affecting the company's business, such as its ability to attract new capital, generate strong returns, source investments, and maintain its competitive position in the market.

The report delved into the business environment, noting the impact of global economic conditions, regulatory policies, and market factors on the company's performance. It highlighted the challenges and opportunities arising from macroeconomic trends, investor preferences, and the company's proprietary data advantage relative to competitors.

Key financial measures were also discussed, with a focus on revenues. The report detailed the company's fund management fees, which are generally based on a defined percentage of total commitments, invested capital, or net asset value of the investment portfolios it manages. It provided insights into the fee structures, revenue recognition, and the weighted-average management fees for its closed-end funds.

As a result of these announcements, the company's shares have moved -2.0% on the market, and are now trading at a price of $9.3. Check out the company's full 10-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.