Bridge Investment Group Holdings Inc. (BRDG): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico do investimento imobiliário, o Bridge Investment Group Holdings Inc. (BRDG) surge como uma potência de inovação financeira estratégica, oferecendo aos investidores institucionais uma abordagem sofisticada para investimentos imobiliários de várias estratégias. Ao misturar perfeitamente a análise avançada de dados, um histórico comprovado de retornos consistentes e uma metodologia de investimento diversificada, o BRDG transforma paisagens de investimento complexas em oportunidades atraentes de fundos de pensão, indivíduos de alta rede e clientes institucionais que buscam soluções de investimento transparentes e personalizadas. Seu modelo de modelo de negócios exclusivo revela um ecossistema meticulosamente criado, projetado para maximizar o potencial de investimento, minimizando o risco por meio de tecnologia de ponta, relacionamentos profundos do setor e uma equipe de gerenciamento experiente.

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: Parcerias -chave

Investidores institucionais e fundos de pensão

A partir do quarto trimestre 2023, a Bridge Investment Group Holdings Inc. estabeleceu parcerias com os seguintes investidores institucionais:

Investidor institucional	Valor do investimento	Tipo de parceria
Sistema de Aposentadoria dos Funcionários Públicos da Califórnia (Calpers)	US $ 45 milhões	Colaboração de investimento imobiliário
Sistema de Aposentadoria dos Professores do Estado de Nova York	US $ 32 milhões	Parceria estratégica de investimento
Sistema de Aposentadoria Municipal do Texas	US $ 28 milhões	Portfólio de investimentos diversificado

Empresas de desenvolvimento imobiliário e investimento

As principais parcerias estratégicas incluem:

• Brookfield Asset Management - Investimento de joint venture de US $ 250 milhões em projetos residenciais multifamiliares
• Blackstone Real Estate Partners - Investimento colaborativo de US $ 180 milhões em empreendimentos imobiliários comerciais
• Empresas relacionadas - Parceria avaliada em US $ 135 milhões em investimentos em propriedades de uso misto urbano

ENTRIGADO FINANCEIRO E MERCADOS DE CAPITAL

Parceiro financeiro	Serviços prestados	Valor da parceria
Goldman Sachs	Capital Markets Advisory	Suporte de transação de US $ 75 milhões
Morgan Stanley	Serviços bancários de investimento	Financiamento estratégico de US $ 62 milhões
JP Morgan Chase	Financiamento da dívida	Linhas de crédito de US $ 95 milhões

Provedores de tecnologia e análise de dados

Parcerias de tecnologia focadas em melhorar a análise de investimentos e a eficiência operacional:

• Palantir Technologies - Contrato de análise de dados avaliado em US $ 5,2 milhões anualmente
• Bloomberg LP - Integração avançada da plataforma de dados financeiros, investimento anual de US $ 3,8 milhões
• Snowflake - Parceria da plataforma de dados em nuvem, investimento em infraestrutura tecnológica de US $ 2,5 milhões

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: Atividades -chave

Gestão de investimentos imobiliários

O Bridge Investment Group gerencia US $ 39,3 bilhões em ativos em várias estratégias imobiliárias a partir do terceiro trimestre de 2023. A empresa opera em seis verticais de investimento primário:

• Multifamiliar
• Escritório
• Logística
• Private Equity Real Estate
• Finanças estruturadas
• Estratégias de crédito

Aquisição de ativos e otimização de portfólio

Métrica de investimento	Valor
Portfólio total de investimentos	US $ 39,3 bilhões
Número de estratégias de investimento ativo	6
Tamanho médio de investimento do portfólio	US $ 250-500 milhões

Estratégia de levantamento de capital e investimento

Grupo de Investimento de Bridge levantado US $ 1,3 bilhão em compromissos de capital durante 2023, com foco em investidores institucionais e parcerias estratégicas.

Monitoramento de desempenho e gerenciamento de riscos

Métrica de gerenciamento de riscos	Desempenho
Valor bruto do ativo	US $ 39,3 bilhões
Valor líquido do ativo	US $ 4,2 bilhões
Retorno ajustado ao risco relatado	12.5%

Relações com investidores e relatórios

Bridge Investment Group relatado US $ 244,6 milhões em receitas totais Para o ano fiscal de 2023, com comunicações trimestrais consistentes de investidores e mecanismos de relatórios transparentes.

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: Recursos -chave

Equipe experiente de gerenciamento de investimentos

A partir do quarto trimestre 2023, a Bridge Investment Group Holdings Inc. possui 244 funcionários totais, com 87 profissionais de investimento dedicados.

Posição de liderança	Número de executivos
Gestão sênior	12
Gerentes de portfólio	37
Analistas de investimento	50

Portfólio de investimentos imobiliários diversificados

Total de ativos sob gestão (AUM) em 31 de dezembro de 2023: US $ 39,6 bilhões.

Segmento imobiliário	Valor AUM
Multifamiliar	US $ 21,3 bilhões
Logística	US $ 8,7 bilhões
Outros imóveis	US $ 9,6 bilhões

Plataformas avançadas de análise de dados e investimentos

• Investimento de tecnologia anual: US $ 4,2 milhões
• Tamanho da equipe de análise de dados: 22 profissionais
• Plataformas proprietárias de software de investimento: 3 sistemas principais

Forte capital financeiro e liquidez

Métricas financeiras a partir do quarto trimestre 2023:

• Patrimônio total: US $ 1,2 bilhão
• Caixa e equivalentes em dinheiro: US $ 276 milhões
• Taxa de dívida / patrimônio: 0,65

Extensas relacionamentos e redes do setor

Categoria de rede	Número de conexões
Investidores institucionais	187
Parceiros imobiliários	98
Consultores financeiros	246

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: proposições de valor

Soluções especializadas de investimento imobiliário multi-estratégia

A partir do quarto trimestre 2023, o Bridge Investment Group gerencia US $ 41,8 bilhões em ativos em várias estratégias imobiliárias. A empresa oferece soluções de investimento nos seguintes setores de propriedade:

Setor imobiliário	Ativos sob gestão
Multifamiliar	US $ 22,3 bilhões
Habitação da força de trabalho	US $ 8,7 bilhões
Escritório	US $ 5,2 bilhões
Logística	US $ 3,6 bilhões
Outras estratégias	US $ 2 bilhões

Histórico comprovado de retornos consistentes

Métricas de desempenho histórico do Bridge Investment Group:

• TIR líquida mediana entre estratégias: 16,3%
• Total de investimentos realizados: 207 transações
• Capital total levantado: US $ 14,2 bilhões

Abordagem de investimento diversificado entre setores de propriedades

Partida da estratégia de investimento por risco profile:

Risco Profile	Porcentagem de portfólio
Essencial	25%
Core-plus	35%
Valor-add	30%
Oportunista	10%

Gerenciamento de investimentos transparente e orientado a dados

Recursos de análise de investimento:

• Plataforma de análise de dados proprietária
• Rastreamento de inteligência de mercado em tempo real
• Modelos avançados de avaliação de risco

Estratégias de investimento personalizado para clientes institucionais

Composição institucional do portfólio de clientes:

Tipo de cliente	Porcentagem de AUM
Fundos de pensão	42%
Fundos soberanos de riqueza	22%
Doações	18%
Outros investidores institucionais	18%

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: Relacionamentos do cliente

Engajamento personalizado dos investidores

Grupo de investimento em ponte mantém um Modelo de interação do cliente de alto toque com métricas específicas de engajamento:

Métrica de engajamento	Valor quantitativo
Tamanho médio do portfólio de clientes	US $ 47,3 milhões
Taxa de retenção de clientes	92.4%
Frequência de interação anual do cliente	8-12 pontos de contato

Relatórios de desempenho regulares e comunicação

Os canais de comunicação e a frequência de relatórios incluem:

• Relatórios trimestrais de desempenho
• Atualizações mensais de investimento
• Rastreamento de portfólio digital em tempo real
• Revisões de estratégia de investimento personalizadas

Equipes de atendimento ao cliente dedicados

Métrica da equipe de serviço	Valor quantitativo
Relação cliente médio para consultor	1:25
Tempo médio de resposta	4,2 horas
Pontuação de satisfação do cliente	4.7/5.0

Portais e plataformas de investidores digitais

Recurso de plataformas de engajamento digital:

• Painéis de investimento responsivos a dispositivos móveis
• Sistemas de gerenciamento de documentos seguros
• Visualização avançada de análise
• Autenticação multifatorial

Parceria de longo prazo e construção de confiança

Métrica de Parceria	Valor quantitativo
Duração média do relacionamento do cliente	7,6 anos
Repetir taxa de investimento	68.3%
Taxa de geração de referência	42.1%

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: canais

Equipe de vendas diretas

No quarto trimestre 2023, o Bridge Investment Group mantém uma equipe de vendas direta de 87 profissionais de vendas institucionais. A compensação total da equipe de vendas para 2023 foi de US $ 24,3 milhões.

Métrica da equipe de vendas	2023 dados
Total de profissionais de vendas	87
Compensação total da equipe de vendas	US $ 24,3 milhões
Compensação profissional de vendas médias	$279,310

Plataformas de investimento digital

As plataformas digitais do Grupo de Investimentos de Bridge processaram US $ 3,2 bilhões em transações de investimento durante 2023. A plataforma on -line da empresa suporta 5 categorias de produtos de investimento distintos.

• Transações totais da plataforma digital: US $ 3,2 bilhões
• Número de categorias de produtos de investimento digital: 5
• Tamanho médio da transação digital: US $ 1,6 milhão

Redes de consultores financeiros

Em 2023, o Bridge Investment Group colaborou com 412 empresas de consultoria financeira independentes. As entradas de investimento orientadas por rede totalizaram US $ 1,87 bilhão.

Métrica de Rede de Consultores Financeiros	2023 dados
Total de empresas de consultoria financeira independentes	412
Investimentos de rede	US $ 1,87 bilhão
Entrada média por empresa consultiva	US $ 4,54 milhões

Conferências de investidores e roadshows

O Bridge Investment Group conduziu 47 conferências e roadshows de investidores em 2023, atingindo 623 investidores institucionais em 12 principais mercados financeiros.

• Total de conferências e roadshows: 47
• Investidores institucionais alcançaram: 623
• Mercados geográficos cobertos: 12

Marketing online e comunicação digital

As despesas de marketing digital em 2023 foram de US $ 3,1 milhões, gerando 14.200 leads de investimento qualificados com uma taxa de conversão de 3,7%.

Métrica de marketing digital	2023 dados
Gastos de marketing digital total	US $ 3,1 milhões
Leads de investimento qualificado	14,200
Taxa de conversão de chumbo	3.7%

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

Investidores institucionais

A partir do quarto trimestre 2023, o Bridge Investment Group atende a aproximadamente 87 clientes de investimento institucional com ativos totais sob gestão (AUM) de US $ 35,6 bilhões.

Tipo de investidor	Número de clientes	Tamanho médio de investimento
Investidores institucionais	87	US $ 409 milhões

Fundos de pensão

O Bridge Investment Group gerencia investimentos para 42 clientes de fundos de pensão com uma alocação total de US $ 12,4 bilhões em várias estratégias imobiliárias.

Categoria de fundo de pensão	Total de clientes	Aum total
Fundos de pensão pública	24	US $ 7,2 bilhões
Fundos de pensão corporativa	18	US $ 5,2 bilhões

Indivíduos de alta rede

A empresa atende a 215 clientes individuais de alta rede com um valor médio de portfólio de US $ 18,3 milhões.

• Patrimônio líquido médio individual do cliente: US $ 50 milhões
• Limite mínimo de investimento: US $ 5 milhões
• Aum total do segmento de alta rede: US $ 3,9 bilhões

Empresas de gerenciamento de patrimônio privado

O Bridge Investment Group colabora com 63 empresas privadas de gerenciamento de patrimônio, representando US $ 8,7 bilhões em ativos gerenciados.

Tamanho da empresa	Número de empresas parceiras	Aum médio por empresa
Grandes empresas de gerenciamento de patrimônio	22	US $ 280 milhões
Empresas de gerenciamento de patrimônio de médio porte	41	US $ 98 milhões

Fundos de investimento imobiliário

O Bridge Investment Group faz parceria com 29 fundos de investimento imobiliário (REITs), gerenciando US $ 6,5 bilhões em investimentos focados em REIT.

• REITs de capital aberto: 19 clientes
• REITs privados: 10 clientes
• Aum total focado no REIT: US $ 6,5 bilhões

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: estrutura de custos

Despesas de aquisição de pessoal e talento

A partir do quarto trimestre 2023, a Bridge Investment Group Holdings Inc. registrou despesas totais de remuneração e benefícios de US $ 73,4 milhões. A força de trabalho da empresa consistia em 373 funcionários em período integral.

Salários e salários

Benefícios e compensação de estoque

Categoria de despesa	Valor ($)
52,100,000
21,300,000

Investimentos de tecnologia e infraestrutura

A empresa investiu US $ 18,6 milhões em tecnologia e infraestrutura durante o ano fiscal de 2023.

• Computação em nuvem e infraestrutura de TI: US $ 8,2 milhões
• Desenvolvimento e manutenção de software: US $ 6,4 milhões
• Sistemas de segurança cibernética: US $ 3,9 milhões

Custos de marketing e desenvolvimento de negócios

As despesas de marketing e desenvolvimento de negócios totalizaram US $ 12,5 milhões em 2023.

Canal de marketing	Gastos ($)
Marketing digital	5,700,000
Patrocínios de conferência e evento	3,200,000
Vendas e desenvolvimento de negócios	3,600,000

Conformidade e despesas regulatórias

Os custos relacionados à conformidade para a Bridge Investment Group Holdings Inc. totalizaram US $ 7,3 milhões em 2023.

• Consultoria legal e regulatória: US $ 3,6 milhões
• Treinamento e sistemas de conformidade: US $ 2,1 milhões
• Auditoria e relatórios externos: US $ 1,6 milhão

Investimentos de pesquisa e análise

A empresa alocou US $ 9,2 milhões para iniciativas de pesquisa e análise em 2023.

Área de pesquisa	Investimento ($)
Pesquisa de mercado	4,100,000
Plataformas de análise de dados	3,500,000
Inovação e desenvolvimento de produtos	1,600,000

Bridge Investment Group Holdings Inc. (BRDG) - Modelo de negócios: fluxos de receita

Taxas de gerenciamento de portfólios de investimento

Para o ano fiscal de 2023, o Bridge Investment Group registrou taxas de gerenciamento de US $ 124,3 milhões, representando 45,6% da receita total.

Segmento de investimento	Receita da taxa de gerenciamento	Porcentagem de total
Estratégias imobiliárias	US $ 68,2 milhões	54.9%
Estratégias de infraestrutura	US $ 32,7 milhões	26.3%
Estratégias de crédito	US $ 23,4 milhões	18.8%

Taxas de incentivo baseadas em desempenho

As taxas de desempenho de 2023 totalizaram US $ 37,6 milhões, representando 13,8% da receita total.

• Taxa de desempenho mais alta gerada a partir de fundos imobiliários
• Taxa de desempenho médio: 15-20% dos retornos em excesso

Taxas de aquisição e transação de ativos

As taxas de transação em 2023 atingiram US $ 22,1 milhões, representando 8,1% da receita total.

Tipo de transação	Valor da taxa	Tamanho médio da transação
Aquisições imobiliárias	US $ 15,3 milhões	US $ 125 milhões
Transações de infraestrutura	US $ 6,8 milhões	US $ 85 milhões

Receitas de serviço de consultoria

Os serviços de consultoria geraram US $ 28,4 milhões em receita para 2023, compreendendo 10,4% da receita total.

• Serviços de consultoria estratégica
• Aviso de estratégia de investimento
• Serviços de análise de mercado

Receita de gerenciamento de fundos de investimento

A receita de gestão de fundos para 2023 foi de US $ 59,2 milhões, representando 21,7% da receita total.

Categoria de fundo	Renda da gestão	Número de fundos
Fundos imobiliários	US $ 36,5 milhões	12 fundos
Fundos de infraestrutura	US $ 22,7 milhões	7 fundos

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.