Grupo de Inversión Bridge Holdings Inc. (BRDG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la inversión inmobiliaria, Bridge Investment Group Holdings Inc. (BRDG) surge como una potencia de innovación financiera estratégica, ofreciendo a los inversores institucionales un enfoque sofisticado para las inversiones inmobiliarias de múltiples estrategias. Al combinar a la perfección el análisis de datos avanzados, un historial probado de rendimientos consistentes y una metodología de inversión diversificada, BRDG transforma los paisajes de inversión complejos en oportunidades convincentes para fondos de pensiones, individuos de alto nivel de red y clientes institucionales que buscan soluciones de inversión transparentes y personalizadas. Su lienzo de modelo de negocio único revela un ecosistema meticulosamente elaborado diseñado para maximizar el potencial de inversión al tiempo que minimiza el riesgo a través de la tecnología de vanguardia, las profundas relaciones de la industria y un equipo de gestión experimentado.

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: asociaciones clave

Inversores institucionales y fondos de pensiones

A partir del cuarto trimestre de 2023, Bridge Investment Group Holdings Inc. ha establecido asociaciones con los siguientes inversores institucionales:

Inversor institucional	Monto de la inversión	Tipo de asociación
Sistema de jubilación de empleados públicos de California (Calpers)	$ 45 millones	Colaboración de inversión inmobiliaria
Sistema de jubilación de maestros del estado de Nueva York	$ 32 millones	Asociación de inversión estratégica
Sistema de jubilación municipal de Texas	$ 28 millones	Cartera de inversiones diversificada

Desarrollo inmobiliario e empresas de inversión

Las asociaciones estratégicas clave incluyen:

• Brookfield Asset Management - Inversión de empresa conjunta de $ 250 millones en proyectos residenciales multifamiliares
• Blackstone Real Estate Partners - Inversión colaborativa de $ 180 millones en desarrollos de bienes raíces comerciales
• Empresas relacionadas: asociación valorada en $ 135 millones en inversiones de propiedades de uso mixto urbano

Entidades de mercado financiero y mercados de capitales

Socio financiero	Servicios proporcionados	Valor de asociación
Goldman Sachs	Asesoramiento de mercados de capitales	Soporte de transacciones de $ 75 millones
Morgan Stanley	Servicios de banca de inversión	$ 62 millones de financiamiento estratégico
JP Morgan Chase	Financiación de la deuda	Capacidades de crédito de $ 95 millones

Proveedores de tecnología y análisis de datos

Asociaciones tecnológicas centradas en mejorar el análisis de inversiones y la eficiencia operativa:

• Palantir Technologies - Contrato de análisis de datos valorado en $ 5.2 millones anualmente
• Bloomberg LP - Integración avanzada de la plataforma de datos financieros, inversión anual de $ 3.8 millones
• Snowflake - Asociación de plataforma de datos en la nube, inversión en infraestructura tecnológica de $ 2.5 millones

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: actividades clave

Gestión de inversiones inmobiliarias

Bridge Investment Group administra $ 39.3 mil millones en activos en múltiples estrategias inmobiliarias a partir del tercer trimestre de 2023. La compañía opera en seis verticales de inversión primaria:

• Multifamiliar
• Oficina
• Logística
• Bienes raíces de capital privado
• Finanzas estructuradas
• Estrategias de crédito

Adquisición de activos y optimización de cartera

Métrico de inversión	Valor
Cartera de inversiones totales	$ 39.3 mil millones
Número de estrategias de inversión activa	6
Tamaño de inversión de cartera promedio	$ 250-500 millones

Estrategia de recaudación de capital e inversión

Grupo de inversión de puente recaudado $ 1.3 mil millones en compromisos de capital durante 2023, con un enfoque en inversores institucionales y asociaciones estratégicas.

Monitoreo del rendimiento y gestión de riesgos

Métrica de gestión de riesgos	Actuación
Valor bruto del activo	$ 39.3 mil millones
Valor de activo neto	$ 4.2 mil millones
Retorno ajustado por riesgo informado	12.5%

Relaciones con inversores e informes

Bridge Investment Group informó $ 244.6 millones en ingresos totales Para el año fiscal 2023, con comunicaciones de inversores trimestrales consistentes y mecanismos de informes transparentes.

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: recursos clave

Equipo experimentado de gestión de inversiones

A partir del cuarto trimestre de 2023, Bridge Investment Group Holdings Inc. tiene 244 empleados en total, con 87 profesionales de inversión dedicados.

Posición de liderazgo	Número de ejecutivos
Alta gerencia	12
Gerentes de cartera	37
Analistas de inversiones	50

Cartera diversa de inversión inmobiliaria

Activos totales bajo administración (AUM) al 31 de diciembre de 2023: $ 39.6 mil millones.

Segmento inmobiliario	Valor AUM
Multifamiliar	$ 21.3 mil millones
Logística	$ 8.7 mil millones
Otros bienes raíces	$ 9.6 mil millones

Análisis de datos avanzados y plataformas de inversión

• Inversión tecnológica anual: $ 4.2 millones
• Tamaño del equipo de análisis de datos: 22 profesionales
• Plataformas de software de inversión propietarios: 3 sistemas centrales

Fuerte capital financiero y liquidez

Métricas financieras a partir del cuarto trimestre 2023:

• Equidad total: $ 1.2 mil millones
• Efectivo y equivalentes en efectivo: $ 276 millones
• Relación de deuda / capital: 0.65

Extensas relaciones y redes de la industria

Categoría de red	Número de conexiones
Inversores institucionales	187
Socios inmobiliarios	98
Asesores financieros	246

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: propuestas de valor

Soluciones especializadas de inversión inmobiliaria multi-estrategia

A partir del cuarto trimestre de 2023, Bridge Investment Group administra $ 41.8 mil millones en activos en múltiples estrategias inmobiliarias. La compañía ofrece soluciones de inversión en los siguientes sectores de propiedad:

Sector inmobiliario	Activos bajo administración
Multifamiliar	$ 22.3 mil millones
Vivienda de la fuerza laboral	$ 8.7 mil millones
Oficina	$ 5.2 mil millones
Logística	$ 3.6 mil millones
Otras estrategias	$ 2 mil millones

Huella comprobado de retornos consistentes

Métricas de rendimiento históricas de Bridge Investment Group:

• Mediana de TIR neta en todas las estrategias: 16.3%
• Inversiones totales realizadas: 207 transacciones
• Capital total recaudado: $ 14.2 mil millones

Enfoque de inversión diversificado en los sectores de propiedad

Desglose de la estrategia de inversión por riesgo profile:

Riesgo Profile	Porcentaje de cartera
Centro	25%
Más	35%
Valor agregado	30%
Oportunista	10%

Gestión de inversiones transparente y basada en datos

Capacidades de análisis de inversiones:

• Plataforma de análisis de datos patentada
• Seguimiento de inteligencia de mercado en tiempo real
• Modelos avanzados de evaluación de riesgos

Estrategias de inversión a medida para clientes institucionales

Composición de cartera de clientes institucionales:

Tipo de cliente	Porcentaje de AUM
Fondos de pensiones	42%
Fondos de riqueza soberana	22%
Dotación	18%
Otros inversores institucionales	18%

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocios: relaciones con los clientes

Compromiso personalizado de los inversores

Bridge Investment Group mantiene un Modelo de interacción con el cliente de alto contacto con métricas de compromiso específicas:

Métrico de compromiso	Valor cuantitativo
Tamaño promedio de la cartera de clientes	$ 47.3 millones
Tasa de retención de clientes	92.4%
Frecuencia de interacción anual del cliente	8-12 puntos de contacto

Informes y comunicación de rendimiento regular

Los canales de comunicación y la frecuencia de informes incluyen:

• Informes de rendimiento trimestrales
• Actualizaciones de inversión mensuales
• Seguimiento de cartera digital en tiempo real
• Revisiones de estrategia de inversión personalizada

Equipos de servicio al cliente dedicados

Métrica del equipo de servicio	Valor cuantitativo
Relación promedio de cliente a advisor	1:25
Tiempo de respuesta promedio	4.2 horas
Puntuación de satisfacción del cliente	4.7/5.0

Portales y plataformas de inversores digitales

Característica de plataformas de participación digital:

• Paneles de inversión que responden a dispositivos móviles
• Sistemas seguros de gestión de documentos
• Visualización de análisis avanzado
• Autenticación multifactor

Asociación a largo plazo y construcción de confianza

Métrico de asociación	Valor cuantitativo
Duración promedio de la relación con el cliente	7.6 años
Repita la tasa de inversión	68.3%
Tasa de generación de referencias	42.1%

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: canales

Equipo de ventas directas

A partir del cuarto trimestre de 2023, Bridge Investment Group mantiene un equipo de ventas directas de 87 profesionales de ventas institucionales. La compensación total del equipo de ventas para 2023 fue de $ 24.3 millones.

Métrica del equipo de ventas	2023 datos
Profesionales de ventas totales	87
Compensación total del equipo de ventas	$ 24.3 millones
Compensación promedio de profesionales de ventas	$279,310

Plataformas de inversión digital

Las plataformas digitales de Bridge Investment Group procesaron $ 3.2 mil millones en transacciones de inversión durante 2023. La plataforma en línea de la compañía admite 5 categorías de productos de inversión distintos.

• Transacciones totales de plataforma digital: $ 3.2 mil millones
• Número de categorías de productos de inversión digital: 5
• Tamaño promedio de la transacción digital: $ 1.6 millones

Redes de asesores financieros

En 2023, Bridge Investment Group colaboró ​​con 412 firmas de asesoramiento financiero independiente. Las entradas de inversión impulsadas por la red totalizaron $ 1.87 mil millones.

Métrica de la red de asesores financieros	2023 datos
Firmas de asesoramiento financiero independiente total	412
Entradas de inversión en red	$ 1.87 mil millones
Entrada promedio por empresa de asesoramiento	$ 4.54 millones

Conferencias de inversores y roadshows

Bridge Investment Group realizó 47 conferencias de inversores y roadshows en 2023, llegando a 623 inversores institucionales en 12 mercados financieros principales.

• Conferencias totales y carreteras: 47
• Los inversores institucionales llegaron: 623
• Mercados geográficos cubiertos: 12

Marketing en línea y comunicación digital

El gasto de marketing digital para 2023 fue de $ 3.1 millones, generando 14,200 clientes potenciales de inversión calificados con una tasa de conversión del 3.7%.

Métrica de marketing digital	2023 datos
Gasto total de marketing digital	$ 3.1 millones
Lidera de inversión calificada	14,200
Tasa de conversión de plomo	3.7%

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: segmentos de clientes

Inversores institucionales

A partir del cuarto trimestre de 2023, Bridge Investment Group atiende a aproximadamente 87 clientes de inversión institucional con activos totales bajo administración (AUM) de $ 35.6 mil millones.

Tipo de inversor	Número de clientes	Tamaño de inversión promedio
Inversores institucionales	87	$ 409 millones

Fondos de pensiones

Bridge Investment Group administra inversiones para 42 clientes de fondos de pensiones con una asignación total de $ 12.4 mil millones en varias estrategias inmobiliarias.

Categoría de fondos de pensiones	Total de clientes	AUM total
Fondos de pensiones públicas	24	$ 7.2 mil millones
Fondos de pensiones corporativas	18	$ 5.2 mil millones

Individuos de alto nivel de red

La firma atiende a 215 clientes individuales de alto patrimonio con un valor de cartera promedio de $ 18.3 millones.

• Piso neto de cliente individual promedio: $ 50 millones
• Umbral de inversión mínima: $ 5 millones
• AUM total del segmento de alto nivel de red: $ 3.9 mil millones

Empresas privadas de gestión de patrimonio

Bridge Investment Group colabora con 63 empresas privadas de gestión de patrimonio, que representan $ 8.7 mil millones en activos administrados.

Tamaño firme	Número de empresas asociadas	AUM promedio por empresa
Grandes empresas de gestión de patrimonio	22	$ 280 millones
Empresas de gestión de patrimonio de tamaño mediano	41	$ 98 millones

Fideicomisos de inversión inmobiliaria

Bridge Investment Group se asocia con 29 fideicomisos de inversión inmobiliaria (REIT), que administra $ 6.5 mil millones en inversiones centradas en REIT.

• REIT operados públicamente: 19 clientes
• REIT privados: 10 clientes
• AUM total centrado en REIT: $ 6.5 mil millones

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocio: Estructura de costos

Gastos de adquisición de personal y talento

A partir del cuarto trimestre de 2023, Bridge Investment Group Holdings Inc. reportó gastos totales de compensación de empleados y beneficios de $ 73.4 millones. La fuerza laboral de la compañía constaba de 373 empleados a tiempo completo.

Salarios y salarios

Beneficios y compensación de acciones

Categoría de gastos	Monto ($)
52,100,000
21,300,000

Inversiones de tecnología e infraestructura

La compañía invirtió $ 18.6 millones en tecnología e infraestructura durante el año fiscal 2023.

• Infraestructura de computación en la nube e TI: $ 8.2 millones
• Desarrollo y mantenimiento de software: $ 6.4 millones
• Sistemas de ciberseguridad: $ 3.9 millones

Costos de marketing y desarrollo empresarial

Los gastos de marketing y desarrollo de negocios totalizaron $ 12.5 millones en 2023.

Canal de marketing	Gasto ($)
Marketing digital	5,700,000
Patrocinios de conferencia y eventos	3,200,000
Desarrollo de ventas y negocios	3,600,000

Cumplimiento y gastos regulatorios

Los costos relacionados con el cumplimiento para Bridge Investment Group Holdings Inc. ascendieron a $ 7.3 millones en 2023.

• Consultoría legal y regulatoria: $ 3.6 millones
• Capacitación y sistemas de cumplimiento: $ 2.1 millones
• Auditoría e informes externos: $ 1.6 millones

Inversiones de investigación y análisis

La compañía asignó $ 9.2 millones a iniciativas de investigación y análisis en 2023.

Área de investigación	Inversión ($)
Investigación de mercado	4,100,000
Plataformas de análisis de datos	3,500,000
Innovación y desarrollo de productos	1,600,000

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negocios: flujos de ingresos

Tarifas de gestión de carteras de inversión

Para el año fiscal 2023, Bridge Investment Group informó tarifas de gestión de $ 124.3 millones, lo que representa el 45.6% de los ingresos totales.

Segmento de inversión	Ingresos de tarifas de gestión	Porcentaje de total
Estrategias inmobiliarias	$ 68.2 millones	54.9%
Estrategias de infraestructura	$ 32.7 millones	26.3%
Estrategias de crédito	$ 23.4 millones	18.8%

Tarifas de incentivos basadas en el desempeño

Las tarifas de rendimiento para 2023 totalizaron $ 37.6 millones, lo que representa el 13.8% de los ingresos totales.

• La tarifa de rendimiento más alta generada por fondos inmobiliarios
• Tasa de tarifa de rendimiento promedio: 15-20% de exceso de rendimiento

Tarifas de adquisición y transacción de activos

Las tarifas de transacción en 2023 alcanzaron los $ 22.1 millones, lo que representa el 8.1% de los ingresos totales.

Tipo de transacción	Monto de la tarifa	Tamaño de transacción promedio
Adquisiciones de bienes raíces	$ 15.3 millones	$ 125 millones
Transacciones de infraestructura	$ 6.8 millones	$ 85 millones

Ingresos del servicio de asesoramiento

Los servicios de asesoramiento generaron $ 28.4 millones en ingresos para 2023, que comprenden el 10.4% de los ingresos totales.

• Servicios de consultoría estratégica
• Aviso de estrategia de inversión
• Servicios de análisis de mercado

Ingresos de gestión de fondos de inversión

Los ingresos de gestión de fondos para 2023 fueron de $ 59.2 millones, lo que representa el 21.7% de los ingresos totales.

Categoría de fondos	Ingresos de gestión	Número de fondos
Fondos inmobiliarios	$ 36.5 millones	12 fondos
Fondos de infraestructura	$ 22.7 millones	7 fondos

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.