Bridge Investment Group Holdings Inc. (BRDG): Business Model Canvas

In der dynamischen Welt der Immobilieninvestitionen entwickelt sich Bridge Investment Group Holdings Inc. (BRDG) zu einem Kraftpaket für strategische Finanzinnovationen und bietet institutionellen Anlegern einen anspruchsvollen Ansatz für Immobilieninvestitionen mit mehreren Strategien. Durch die nahtlose Kombination fortschrittlicher Datenanalysen, einer nachgewiesenen Erfolgsbilanz konsistenter Renditen und einer diversifizierten Anlagemethodik verwandelt BRDG komplexe Anlagelandschaften in überzeugende Möglichkeiten für Pensionsfonds, vermögende Privatpersonen und institutionelle Kunden, die transparente und maßgeschneiderte Anlagelösungen suchen. Ihr einzigartiges Geschäftsmodell offenbart ein sorgfältig gestaltetes Ökosystem, das darauf ausgelegt ist, das Investitionspotenzial zu maximieren und gleichzeitig das Risiko durch modernste Technologie, tiefe Branchenbeziehungen und ein erfahrenes Managementteam zu minimieren.

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Wichtige Partnerschaften

Institutionelle Anleger und Pensionsfonds

Seit dem vierten Quartal 2023 hat Bridge Investment Group Holdings Inc. Partnerschaften mit den folgenden institutionellen Anlegern aufgebaut:

Institutioneller Investor	Investitionsbetrag	Partnerschaftstyp
Ruhestandssystem für öffentliche Angestellte in Kalifornien (CalPERS)	45 Millionen Dollar	Zusammenarbeit bei Immobilieninvestitionen
Ruhestandssystem für Lehrer des Staates New York	32 Millionen Dollar	Strategische Investitionspartnerschaft
Städtisches Rentensystem von Texas	28 Millionen Dollar	Diversifiziertes Anlageportfolio

Immobilienentwicklungs- und Investmentfirmen

Zu den wichtigsten strategischen Partnerschaften gehören:

• Brookfield Asset Management – Joint-Venture-Investition von 250 Millionen US-Dollar in Mehrfamilienwohnprojekte
• Blackstone Real Estate Partners – Gemeinsame Investition von 180 Millionen US-Dollar in gewerbliche Immobilienentwicklungen
• Verbundene Unternehmen – Partnerschaft im Wert von 135 Millionen US-Dollar für städtische Immobilieninvestitionen mit gemischter Nutzung

Finanzberatungs- und Kapitalmarktunternehmen

Finanzpartner	Erbrachte Dienstleistungen	Partnerschaftswert
Goldman Sachs	Kapitalmarktberatung	Transaktionsunterstützung im Wert von 75 Millionen US-Dollar
Morgan Stanley	Investmentbanking-Dienstleistungen	Strategische Finanzierung in Höhe von 62 Millionen US-Dollar
JP Morgan Chase	Schuldenfinanzierung	Kreditfazilitäten in Höhe von 95 Millionen US-Dollar

Technologie- und Datenanalyseanbieter

Technologiepartnerschaften mit Schwerpunkt auf der Verbesserung von Investitionsanalysen und betrieblicher Effizienz:

• Palantir Technologies – Datenanalyseauftrag im Wert von 5,2 Millionen US-Dollar pro Jahr
• Bloomberg LP – Fortschrittliche Integration einer Finanzdatenplattform, jährliche Investition von 3,8 Millionen US-Dollar
• Snowflake – Cloud-Datenplattform-Partnerschaft, Investition in Technologieinfrastruktur in Höhe von 2,5 Millionen US-Dollar

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Hauptaktivitäten

Immobilien-Investmentmanagement

Die Bridge Investment Group verwaltet im dritten Quartal 2023 ein Vermögen von 39,3 Milliarden US-Dollar über mehrere Immobilienstrategien hinweg. Das Unternehmen ist in sechs Hauptinvestitionsvertikalen tätig:

• Mehrfamilienhaus
• Büro
• Logistik
• Private-Equity-Immobilien
• Strukturierte Finanzierung
• Kreditstrategien

Vermögenserwerb und Portfoliooptimierung

Investitionsmetrik	Wert
Gesamtinvestitionsportfolio	39,3 Milliarden US-Dollar
Anzahl aktiver Anlagestrategien	6
Durchschnittliche Portfolioinvestitionsgröße	250-500 Millionen Dollar

Kapitalbeschaffungs- und Investitionsstrategie

Bridge Investment Group erhöht 1,3 Milliarden US-Dollar an Kapitalzusagen im Jahr 2023, mit Schwerpunkt auf institutionellen Investoren und strategischen Partnerschaften.

Leistungsüberwachung und Risikomanagement

Risikomanagement-Metrik	Leistung
Bruttoinventarwert	39,3 Milliarden US-Dollar
Nettoinventarwert	4,2 Milliarden US-Dollar
Gemeldete risikoadjustierte Rendite	12.5%

Investor Relations und Berichterstattung

Bridge Investment Group berichtete Gesamtumsatz 244,6 Millionen US-Dollar für das Geschäftsjahr 2023, mit konsistenter vierteljährlicher Anlegerkommunikation und transparenten Berichtsmechanismen.

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Schlüsselressourcen

Erfahrenes Investment-Management-Team

Im vierten Quartal 2023 beschäftigte Bridge Investment Group Holdings Inc. insgesamt 244 Mitarbeiter, darunter 87 engagierte Anlageexperten.

Führungsposition	Anzahl der Führungskräfte
Geschäftsleitung	12
Portfoliomanager	37
Investmentanalysten	50

Vielfältiges Immobilien-Investmentportfolio

Gesamtes verwaltetes Vermögen (AUM) zum 31. Dezember 2023: 39,6 Milliarden US-Dollar.

Immobiliensegment	AUM-Wert
Mehrfamilienhaus	21,3 Milliarden US-Dollar
Logistik	8,7 Milliarden US-Dollar
Andere Immobilien	9,6 Milliarden US-Dollar

Erweiterte Datenanalyse- und Investitionsplattformen

• Jährliche Technologieinvestition: 4,2 Millionen US-Dollar
• Größe des Datenanalyseteams: 22 Fachleute
• Proprietäre Investment-Softwareplattformen: 3 Kernsysteme

Starkes Finanzkapital und Liquidität

Finanzkennzahlen ab Q4 2023:

• Gesamteigenkapital: 1,2 Milliarden US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 276 Millionen US-Dollar
• Verhältnis von Schulden zu Eigenkapital: 0,65

Umfangreiche Branchenbeziehungen und Netzwerke

Netzwerkkategorie	Anzahl der Verbindungen
Institutionelle Anleger	187
Immobilienpartner	98
Finanzberater	246

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Wertversprechen

Spezialisierte Multi-Strategie-Immobilieninvestitionslösungen

Im vierten Quartal 2023 verwaltet die Bridge Investment Group Vermögenswerte in Höhe von 41,8 Milliarden US-Dollar über mehrere Immobilienstrategien hinweg. Das Unternehmen bietet Anlagelösungen in den folgenden Immobilienbereichen an:

Immobiliensektor	Verwaltetes Vermögen
Mehrfamilienhaus	22,3 Milliarden US-Dollar
Wohnraum für Arbeitskräfte	8,7 Milliarden US-Dollar
Büro	5,2 Milliarden US-Dollar
Logistik	3,6 Milliarden US-Dollar
Andere Strategien	2 Milliarden Dollar

Nachgewiesene Erfolgsbilanz mit konstanten Erträgen

Historische Leistungskennzahlen der Bridge Investment Group:

• Medianer Netto-IRR aller Strategien: 16,3 %
• Insgesamt realisierte Investitionen: 207 Transaktionen
• Gesamtkapital: 14,2 Milliarden US-Dollar

Diversifizierter Anlageansatz über alle Immobiliensektoren hinweg

Aufschlüsselung der Anlagestrategie nach Risiko profile:

Risiko Profile	Prozentsatz des Portfolios
Kern	25%
Core-Plus	35%
Mehrwert	30%
Opportunistisch	10%

Transparentes und datengesteuertes Investmentmanagement

Möglichkeiten zur Investitionsanalyse:

• Proprietäre Datenanalyseplattform
• Echtzeit-Tracking von Marktinformationen
• Erweiterte Risikobewertungsmodelle

Maßgeschneiderte Anlagestrategien für institutionelle Kunden

Zusammensetzung des institutionellen Kundenportfolios:

Clienttyp	Prozentsatz des AUM
Pensionskassen	42%
Staatsfonds	22%
Stiftungen	18%
Andere institutionelle Anleger	18%

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Kundenbeziehungen

Personalisiertes Investorenengagement

Bridge Investment Group unterhält eine High-Touch-Kundeninteraktionsmodell mit spezifischen Engagement-Kennzahlen:

Engagement-Metrik	Quantitativer Wert
Durchschnittliche Größe des Kundenportfolios	47,3 Millionen US-Dollar
Kundenbindungsrate	92.4%
Jährliche Kundeninteraktionshäufigkeit	8-12 Berührungspunkte

Regelmäßige Leistungsberichterstattung und Kommunikation

Zu den Kommunikationskanälen und der Berichtshäufigkeit gehören:

• Vierteljährliche Leistungsberichte
• Monatliche Investitionsaktualisierungen
• Digitale Portfolioverfolgung in Echtzeit
• Personalisierte Anlagestrategiebewertungen

Dedizierte Kundendienstteams

Serviceteam-Metrik	Quantitativer Wert
Durchschnittliches Kunden-zu-Berater-Verhältnis	1:25
Durchschnittliche Reaktionszeit	4,2 Stunden
Kundenzufriedenheitswert	4.7/5.0

Digitale Investorenportale und Plattformen

Funktionen digitaler Engagement-Plattformen:

• Auf Mobilgeräte reagierende Investment-Dashboards
• Sichere Dokumentenmanagementsysteme
• Erweiterte Analysevisualisierung
• Multi-Faktor-Authentifizierung

Langfristige Partnerschaft und Vertrauensaufbau

Partnerschaftsmetrik	Quantitativer Wert
Durchschnittliche Kundenbeziehungsdauer	7,6 Jahre
Wiederholen Sie die Investitionsrate	68.3%
Empfehlungsgenerierungsrate	42.1%

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Kanäle

Direktvertriebsteam

Seit dem vierten Quartal 2023 verfügt die Bridge Investment Group über ein Direktvertriebsteam von 87 institutionellen Vertriebsexperten. Die Gesamtvergütung des Vertriebsteams für 2023 betrug 24,3 Millionen US-Dollar.

Vertriebsteam-Metrik	Daten für 2023
Totale Vertriebsprofis	87
Gesamtvergütung des Vertriebsteams	24,3 Millionen US-Dollar
Durchschnittliche Vertriebsprofivergütung	$279,310

Digitale Investitionsplattformen

Die digitalen Plattformen der Bridge Investment Group verarbeiteten im Jahr 2023 Investitionstransaktionen in Höhe von 3,2 Milliarden US-Dollar. Die Online-Plattform des Unternehmens unterstützt 5 verschiedene Anlageproduktkategorien.

• Gesamttransaktionen auf digitalen Plattformen: 3,2 Milliarden US-Dollar
• Anzahl der Kategorien digitaler Anlageprodukte: 5
• Durchschnittliche digitale Transaktionsgröße: 1,6 Millionen US-Dollar

Finanzberaternetzwerke

Im Jahr 2023 arbeitete die Bridge Investment Group mit 412 unabhängigen Finanzberatungsunternehmen zusammen. Die netzwerkbedingten Investitionszuflüsse beliefen sich auf insgesamt 1,87 Milliarden US-Dollar.

Metrik des Finanzberaternetzwerks	Daten für 2023
Insgesamt unabhängige Finanzberatungsunternehmen	412
Zuflüsse von Netzwerkinvestitionen	1,87 Milliarden US-Dollar
Durchschnittlicher Zufluss pro Beratungsunternehmen	4,54 Millionen US-Dollar

Investorenkonferenzen und Roadshows

Die Bridge Investment Group führte im Jahr 2023 47 Investorenkonferenzen und Roadshows durch und erreichte damit 623 institutionelle Anleger auf 12 großen Finanzmärkten.

• Gesamtzahl der Konferenzen und Roadshows: 47
• Institutionelle Anleger erreicht: 623
• Abgedeckte geografische Märkte: 12

Online-Marketing und digitale Kommunikation

Die Ausgaben für digitales Marketing beliefen sich im Jahr 2023 auf 3,1 Millionen US-Dollar und generierten 14.200 qualifizierte Investment-Leads mit einer Konversionsrate von 3,7 %.

Digitale Marketingmetrik	Daten für 2023
Gesamtausgaben für digitales Marketing	3,1 Millionen US-Dollar
Qualifizierte Investment-Leads	14,200
Lead-Conversion-Rate	3.7%

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Im vierten Quartal 2023 betreut die Bridge Investment Group etwa 87 institutionelle Investmentkunden mit einem verwalteten Gesamtvermögen (AUM) von 35,6 Milliarden US-Dollar.

Anlegertyp	Anzahl der Kunden	Durchschnittliche Investitionsgröße
Institutionelle Anleger	87	409 Millionen US-Dollar

Pensionskassen

Die Bridge Investment Group verwaltet Investitionen für 42 Pensionsfondskunden mit einer Gesamtallokation von 12,4 Milliarden US-Dollar in verschiedenen Immobilienstrategien.

Kategorie Pensionskasse	Gesamtzahl der Kunden	Gesamt-AUM
Öffentliche Pensionsfonds	24	7,2 Milliarden US-Dollar
Betriebliche Pensionskassen	18	5,2 Milliarden US-Dollar

Vermögende Privatpersonen

Das Unternehmen betreut 215 vermögende Privatkunden mit einem durchschnittlichen Portfoliowert von 18,3 Millionen US-Dollar.

• Durchschnittliches Nettovermögen einzelner Kunden: 50 Millionen US-Dollar
• Mindestinvestitionsschwelle: 5 Millionen US-Dollar
• Gesamtes verwaltetes Vermögen aus dem High-Net-Worth-Segment: 3,9 Milliarden US-Dollar

Private Vermögensverwaltungsfirmen

Die Bridge Investment Group arbeitet mit 63 privaten Vermögensverwaltungsfirmen zusammen, die ein verwaltetes Vermögen von 8,7 Milliarden US-Dollar repräsentieren.

Feste Größe	Anzahl der Partnerfirmen	Durchschnittliches AUM pro Unternehmen
Große Vermögensverwaltungsunternehmen	22	280 Millionen Dollar
Mittelständische Vermögensverwaltungsunternehmen	41	98 Millionen Dollar

Immobilien-Investmentfonds

Die Bridge Investment Group arbeitet mit 29 Real Estate Investment Trusts (REITs) zusammen und verwaltet 6,5 Milliarden US-Dollar an REIT-fokussierten Investitionen.

• Öffentlich gehandelte REITs: 19 Kunden
• Private REITs: 10 Kunden
• Gesamtes REIT-fokussiertes AUM: 6,5 Milliarden US-Dollar

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Kostenstruktur

Personal- und Talentakquisekosten

Im vierten Quartal 2023 meldete Bridge Investment Group Holdings Inc. einen Gesamtaufwand für Mitarbeitervergütungen und Sozialleistungen in Höhe von 73,4 Millionen US-Dollar. Die Belegschaft des Unternehmens bestand aus 373 Vollzeitkräften.

Gehälter und Löhne

Zusatzleistungen und Aktienvergütung

Ausgabenkategorie	Betrag ($)
52,100,000
21,300,000

Technologie- und Infrastrukturinvestitionen

Das Unternehmen investierte im Geschäftsjahr 2023 18,6 Millionen US-Dollar in Technologie und Infrastruktur.

• Cloud Computing und IT-Infrastruktur: 8,2 Millionen US-Dollar
• Softwareentwicklung und -wartung: 6,4 Millionen US-Dollar
• Cybersicherheitssysteme: 3,9 Millionen US-Dollar

Kosten für Marketing und Geschäftsentwicklung

Die Ausgaben für Marketing und Geschäftsentwicklung beliefen sich im Jahr 2023 auf insgesamt 12,5 Millionen US-Dollar.

Marketingkanal	Ausgaben ($)
Digitales Marketing	5,700,000
Sponsoring von Konferenzen und Veranstaltungen	3,200,000
Vertrieb und Geschäftsentwicklung	3,600,000

Compliance- und Regulierungskosten

Die Compliance-bezogenen Kosten für Bridge Investment Group Holdings Inc. beliefen sich im Jahr 2023 auf 7,3 Millionen US-Dollar.

• Rechts- und Regulierungsberatung: 3,6 Millionen US-Dollar
• Compliance-Schulungen und -Systeme: 2,1 Millionen US-Dollar
• Externe Prüfung und Berichterstattung: 1,6 Millionen US-Dollar

Investitionen in Forschung und Analyse

Das Unternehmen stellte im Jahr 2023 9,2 Millionen US-Dollar für Forschungs- und Analyseinitiativen bereit.

Forschungsbereich	Investition ($)
Marktforschung	4,100,000
Datenanalyseplattformen	3,500,000
Innovation und Produktentwicklung	1,600,000

Bridge Investment Group Holdings Inc. (BRDG) – Geschäftsmodell: Einnahmequellen

Verwaltungsgebühren aus Anlageportfolios

Für das Geschäftsjahr 2023 meldete die Bridge Investment Group Verwaltungsgebühren in Höhe von 124,3 Millionen US-Dollar, was 45,6 % des Gesamtumsatzes entspricht.

Investmentsegment	Einnahmen aus Verwaltungsgebühren	Prozentsatz der Gesamtsumme
Immobilienstrategien	68,2 Millionen US-Dollar	54.9%
Infrastrukturstrategien	32,7 Millionen US-Dollar	26.3%
Kreditstrategien	23,4 Millionen US-Dollar	18.8%

Leistungsbasierte Anreizgebühren

Die Leistungsgebühren für 2023 beliefen sich auf insgesamt 37,6 Millionen US-Dollar, was 13,8 % des Gesamtumsatzes entspricht.

• Höchste Performancegebühr aus Immobilienfonds
• Durchschnittlicher Performancegebührensatz: 15–20 % der Überschussrenditen

Gebühren für den Erwerb von Vermögenswerten und Transaktionen

Die Transaktionsgebühren erreichten im Jahr 2023 22,1 Millionen US-Dollar, was 8,1 % des Gesamtumsatzes entspricht.

Transaktionstyp	Gebührenbetrag	Durchschnittliche Transaktionsgröße
Immobilienerwerbe	15,3 Millionen US-Dollar	125 Millionen Dollar
Infrastrukturtransaktionen	6,8 Millionen US-Dollar	85 Millionen Dollar

Einnahmen aus Beratungsdienstleistungen

Beratungsdienstleistungen erwirtschafteten im Jahr 2023 einen Umsatz von 28,4 Millionen US-Dollar, was 10,4 % des Gesamtumsatzes ausmacht.

• Strategische Beratungsleistungen
• Beratung zur Anlagestrategie
• Marktanalysedienste

Erträge aus der Verwaltung von Investmentfonds

Die Einnahmen aus der Fondsverwaltung beliefen sich im Jahr 2023 auf 59,2 Millionen US-Dollar, was 21,7 % der Gesamteinnahmen ausmacht.

Fondskategorie	Managementeinkommen	Anzahl der Fonds
Immobilienfonds	36,5 Millionen US-Dollar	12 Fonds
Infrastrukturfonds	22,7 Millionen US-Dollar	7 Fonds

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Value Propositions

You're looking at the core reasons investors commit capital to Bridge Investment Group Holdings Inc. (BRDG), especially as the Apollo Global Management transaction nears its close in early September 2025. These value propositions are grounded in the scale and structure of the business as of mid-2025.

Access to specialized U.S. real asset strategies (e.g., logistics, credit)

Bridge Investment Group Holdings Inc. offers access to focused U.S. real asset verticals, supported by significant assets under management (AUM). As of the second quarter of 2025, the firm managed gross AUM of $50.2 billion. Fee-earning AUM stood at $21.9 billion for the same period. The firm maintains specific platforms with reported AUM figures from prior periods that indicate focus areas:

Strategy Focus Area	Reported AUM Figure	Date of Figure
Multifamily Platform	$8.7 billion	December 31, 2024
Logistics Platform	$906.0 million	December 31, 2023
SFR Platform	$1.1 billion	December 31, 2023

The Credit strategies remain a key focus, with $476 million raised in the second quarter of 2025, 97% of which came from institutional investors.

Vertically integrated model for hands-on operational control

The firm emphasizes a fully integrated structure, which includes in-house functions for direct asset control. This model relies on dedicated investment professionals, with over 300 such professionals mentioned in connection with the Apollo acquisition announcement. The company's Multifamily platform, for instance, relies on the integration of investment, asset management, debt capital markets, and nationwide property management capabilities. In-house personnel functions cover areas such as:

• Property management
• Construction management
• Leasing

Long-duration capital structure reducing short-term volatility

The structure of committed capital is designed for longer-term stability, which helps in managing fees across market cycles. For capital raised in Q2 2025, the average commitment duration was 8.4 years, supporting durable fee visibility. The firm's 5-year Compound Annual Growth Rate (CAGR) for gross AUM from Q2 2020 to Q2 2025 was approximately 18%. The company held $3.2 billion in dry powder as of Q2 2025.

Attractive risk-adjusted returns across market cycles

Bridge Investment Group Holdings Inc. has demonstrated consistent growth in its fee-earning base over a five-year period. The 5-year CAGR for fee-earning AUM from Q2 2020 to Q2 2025 was approximately 19%. Fee Related Earnings (FRE) to the Operating Company reached $28.0 million in Q2 2025, with the FRE margin expanding to 37% from 32% in Q1 2025. Distributable Earnings (DE) rose 52% quarter-over-quarter in Q2 2025 to $25.7 million. The firm's total revenue for Q2 2025 was $96.5 million.

Finance: draft 13-week cash view by Friday.

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Customer Relationships

You're managing capital for sophisticated institutional partners, so the relationship needs to be built on deep, specialized knowledge and consistent access. Bridge Investment Group Holdings Inc. operates with this in mind, especially given its scale as an alternative investment manager.

High-touch, advisory relationship with institutional clients

The relationship is fundamentally advisory, focusing on delivering specialized asset class exposure to large allocators. As of mid-2025, the firm commanded approximately $50.2 billion in gross Assets Under Management (AUM), with $21.9 billion being Fee-Earning AUM. This scale is managed with a focus on deep investment talent and specialized operating expertise, which supports the high-touch service model. The client base is heavily weighted toward institutions, which is where the advisory component is most critical.

Here's a look at the recent capital formation activity, which directly reflects the institutional focus:

Metric	Value/Percentage (Latest Available Data)
Gross AUM (Mid-2025)	$50.2 billion
Fee-Earning AUM (Mid-2025)	$21.9 billion
New Capital Raised (Q2 2025)	$476 million
Institutional Investor Share (Q2 2025)	97%
Bridge Debt Strategies Fund V Commitments	$2.15 billion

The average commitment period for new capital, such as that raised for the Bridge Debt Strategies funds, has been noted around 8.4 years, indicating a desire for long-term partnership from the investors.

Dedicated Client Solutions Group for capital formation

Capital formation is a distinct, structured function within Bridge Investment Group Holdings Inc., which is critical for maintaining and growing the asset base. Post-acquisition by Apollo Global Management, Inc. in September 2025, the firm explicitly retained its dedicated capital formation team. This structure is designed to directly address the needs of institutional clients seeking deployment across the firm's specialized verticals, which include real estate equity, credit, and renewable energy. The successful closing of Bridge Debt Strategies Fund V, raising $2.15 billion in equity commitments, showcases the effectiveness of this dedicated group in securing large mandates.

The firm's ability to raise capital is a direct measure of client confidence in its execution teams.

• Retained dedicated capital formation team post-merger.
• Focus on securing long-duration capital commitments.
• Recent fundraise for BDS V closed at $2.15 billion.
• Capital deployment in Q2 2025 totaled $509 million.

Customized solutions via separately managed accounts

While the primary capital is raised through funds, the advisory nature extends to providing tailored exposure, often through separately managed accounts (SMAs) or customized mandates that fit specific institutional mandates. Bridge Investment Group Holdings Inc. manages products targeting both institutional and wealth clients, leveraging its vertically-integrated platform to offer specialized exposure. This customization is key in alternative assets where a standard fund structure may not meet all fiduciary requirements. The firm's strategy involves capturing market opportunities across secular growth areas, which requires flexibility in structuring investment vehicles.

The integration of the operating platform allows for a granular approach to asset management, which is the foundation for customization.

Long-term, trust-based relationships with fund investors

The relationships are built on the track record and the operational depth of the platform, fostering trust over time. Bridge Investment Group Holdings Inc. has cultivated what are described as strong investor relationships. The long-duration nature of the capital raised, with commitments averaging 8.4 years, is concrete evidence of this trust, as investors are locking up capital for extended periods. This trust is essential for navigating the illiquid nature of real estate and credit investments. The firm's focus remains on delivering desirable outcomes across asset classes, which reinforces the long-term partnership model.

Finance: draft 13-week cash view by Friday.

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Channels

You're looking at how Bridge Investment Group Holdings Inc. gets its capital and products to market, which is critical given the pending acquisition by Apollo. The channels rely heavily on institutional relationships, but the Client Solutions Group is the direct interface for others.

The scale of the operation, as of the second quarter of 2025, shows total gross Assets Under Management (AUM) reaching $50.2 billion, with fee-earning AUM at $21.9 billion. This capital base is the foundation for all distribution channels.

Channel Component	Metric	Latest Reported Value (as of Q2 2025)
Total Gross AUM	Amount	$50.2 billion
Total Fee-Earning AUM (FEAUM)	Amount	$21.9 billion
New Capital Raised (Q2 2025)	Institutional Share	97%
New Capital Raised (Q2 2025)	Individual Investor Share	3%
Capital Deployed (Q2 2025)	Total Amount	$509 million

Here's a breakdown of the specific channels Bridge Investment Group Holdings Inc. uses to reach its clients and deploy capital.

• - Direct sales via the Client Solutions Group: This group interfaces with individual investors, though capital raising in Q2 2025 showed only 3% of new capital came from individual investors.
• - Financial intermediaries and wealth management platforms: These platforms are the primary conduit for institutional capital, which accounted for 97% of new capital raised in Q2 2025.
• - Open-ended and closed-end private investment funds: These funds hold the bulk of the $50.2 billion gross AUM as of Q2 2025, spanning strategies like credit, multifamily, and logistics.
• - Listed vehicles and co-investment programs: These are integrated within the overall AUM structure, often involving direct investment alongside funds managed by the Fund Managers, such as Bridge Multifamily Fund Manager LLC and Bridge Debt Strategies Fund Manager LLC.

The firm also uses digital and social platforms as secondary channels for information distribution, which supports the primary sales efforts. You can track company updates via:

• - Facebook page (www.facebook.com/BridgeIG)
• - X (www.twitter.com/BridgeInvGrp)
• - LinkedIn (www.linkedin.com/company/bridge-investment-group-holdings/mycompany/)

To be fair, the capital raising mix shows a heavy reliance on institutional sources, which is typical for an alternative asset manager of this scale. Finance: draft a sensitivity analysis on the impact of a 10% shift from institutional to individual capital by end of Q4.

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Customer Segments

You're looking at the client base for Bridge Investment Group Holdings Inc. as of mid-2025, right before the Apollo merger closes. The focus here is on who is putting capital to work with them across their specialized asset classes.

As of the second quarter of 2025, Bridge Investment Group Holdings Inc. reported gross Assets Under Management (AUM) reaching approximately $50.2 billion.

The flow of new capital in Q2 2025 clearly shows a strong institutional preference for their strategies. During that quarter, the firm raised $0.476B in new capital.

Here's a breakdown of the investor types based on the most recent capital formation data and historical scale:

• - Institutional investors: These are the primary capital source, accounting for 97% of the new capital raised in Q2 2025. Bridge Investment Group Holdings Inc. historically managed capital for over 180 global institutions as of March 31, 2021.
• - High-net-worth (HNW) individuals and family offices: This group, alongside other individual investors, represented the remaining 3% of new capital raised in Q2 2025. As of March 31, 2021, the firm served approximately 10,000 individual investors.
• - Financial intermediaries and registered investment advisors (RIAs): While not explicitly broken out in the latest capital raise data, this channel is typically grouped with individual/HNW capital or serves as the distribution arm for institutional mandates.
• - Bridge affiliates and management (internal capital commitments): This segment represents capital committed by the firm's own people. As of March 5, 2025, the ownership structure showed 79,142,364 shares of Class B common stock outstanding, which represents the economic interests held by the Continuing Equity Owners, including management and affiliates, before the Apollo transaction.

The composition of capital commitments shows a clear trend toward large, long-duration institutional mandates. The commitments raised in Q2 2025 averaged a duration of 8.4 years, which supports durable fee visibility.

You can see the relative weight of the capital sources in the recent fundraising activity:

Customer Segment Group	Q2 2025 New Capital Raised Percentage	Relevant AUM/Investor Count Data Point
Institutional Investors	97%	Gross AUM as of Q2 2025: $50.2 billion
Individual Investors (Including HNW/Family Offices)	3%	Approximate number of individual investors (as of 3/31/2021): 10,000

The firm's focus on credit strategies in Q2 2025 drove the majority of the $0.476B raised.

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Cost Structure

The Cost Structure for Bridge Investment Group Holdings Inc. is heavily weighted toward personnel and operational overhead, reflecting its vertically integrated asset management platform.

High compensation and benefits expense for operating teams is a major driver, with significant annual figures reported for the year ended December 31, 2024:

• Employee compensation and benefits: $251.323 million in the year ended December 31, 2024.
• Share-based compensation: $48.238 million in the year ended December 31, 2024.
• Compensation expense of Bridge property operators: $44.386 million in the year ended December 31, 2024.

The nature of the platform means that higher compensation expenses can directly impact Fee Related Earnings (FRE), as seen when FRE fell in Q4 2024 due to reinvestment in growth initiatives which included compensation expenses.

General and administrative (G&A) expenses showed a significant year-over-year increase in the second quarter of 2025:

Metric	Q2 2025 Amount (USD Millions)	Q2 2024 Amount (USD Millions)
General and administrative (G&A) expense	$18.2 million	$9.4 million

This near doubling of G&A expense in Q2 2025 contributed to the compression of year-over-year profitability.

Property-level operating and maintenance costs are embedded within the overall expense structure. Property operating expenses are calculated as a summation of:

• Employee compensation and benefits at property operators.
• General and administrative expenses at property operators.
• Interest expense at property operators.

Bridge Investment Group Holdings Inc. also reports having approximately 2,800 professionals employed through a professional employment organization at sites managed by Bridge Senior Living, all of whom are expensed via managed investment vehicles.

Fund formation and regulatory compliance costs are incurred through various activities. A concrete, non-recurring example impacting recent results includes:

• ~$4.7 million in Apollo transaction costs recognized in Q2 2025, which impacted Diluted EPS.

The company is subject to ongoing legal and financial compliance costs as a public reporting company, and organization and offering costs associated with fund formation are sometimes paid on behalf of private funds and are subject to reimbursement.

Bridge Investment Group Holdings Inc. (BRDG) - Canvas Business Model: Revenue Streams

You're looking at how Bridge Investment Group Holdings Inc. actually brings in the money, which is key for understanding their recurring value versus the lumpy stuff. As of late 2025, their revenue streams are clearly segmented, though the impact of the pending Apollo merger is a near-term factor affecting some components.

The core, durable revenue comes from asset management fees. For the second quarter of 2025, the stable fund management fees were reported at $58.5 million. This is the bread and butter, tied directly to the assets under management (AUM), which stood at $50.2 billion in gross AUM as of June 30, 2025. This fee base is what drives Fee Related Earnings (FRE), which hit $28.0 million to the Operating Company in Q2 2025.

Another consistent, though smaller, fee component is derived from their operational platform. The property management and leasing fees for Q2 2025 totaled $16.7 million. This stream is supported by their national operating platform, particularly in the single-family rental and multifamily sectors.

The remaining fee-related revenue is more variable. For Q2 2025, Bridge Investment Group Holdings Inc.'s total revenue was $96.5 million. Separately, Investment Income was $6.3 million for the quarter. This means the combined total for performance-based incentive fees (carried interest) and transaction and other asset management fees, plus any other minor fee components, must account for the rest of the fee-related revenue, which was approximately $15.0 million when backing out the stable fees, property fees, and investment income from the total revenue reported.

You should note that recurring fee revenue pressure was mentioned due to fee-basis conversion at certain funds, which impacts the stability of the management fees, even though the Q2 2025 figure was $58.5 million. Conversely, transaction fees can spike when capital deployment is high, though transaction and other asset management income was cited as a driver for the year-over-year revenue decline in Q2 2025.

Here is a breakdown of the fee-related revenue components for Q2 2025, using the known figures and the derived remainder for the less granularly reported streams:

Revenue Stream Component	Q2 2025 Amount (in millions USD)
Stable fund management fees	$58.5
Property management and leasing fees	$16.7
Performance-based incentive fees (carried interest) and Transaction/Other Asset Management Fees (Combined Remainder)	$15.0
Investment Income (Non-Fee Revenue)	$6.3

The total of these components is $96.5 million, matching the reported total revenue for the quarter. The performance-based incentive fees, or carried interest, are realized when investments are sold or reach certain performance hurdles, making them inherently less predictable than the management fees.

Bridge Investment Group Holdings Inc. also utilizes other fee structures that fall under the general umbrella of performance and transaction fees. These can include:

• - Fees from capital formation activities, which saw $476 million raised in Q2 2025.
• - Fees associated with the deployment of capital, with $509 million deployed in Q2 2025.
• - Potential fees from separately managed accounts and co-investment programs.

The long-term growth trajectory for fee-earning AUM (FEAUM) has a 5-year CAGR of approximately 19% up to Q2 2025, which supports the durability of the management fee base, despite the near-term pressure.