Bridge Investment Group Holdings in Salt Lake City wound down fundraising efforts for its Bridge Debt Strategies Fund IV with $2.9 billion in equity commitments.
The latest fund is a diversified strategy that originates first mortgage direct loans in addition to investing in Freddie Mac K-Series B-Pieces. The team also opportunistically allocates to commercial real estate-backed debt such as CRE CLOs.
The $38.8 billion firm boasts dedicated teams of investment professionals focused on select U.S. real estate verticals: residential rental, office, development, logistics properties, net lease and real estate-backed credit.
“We are proud to announce an expanded fundraise for the fourth vintage of the Bridge Debt Strategies private real estate debt offering,” commented James Chung, chief investment officer for the Bridge Debt Strategies funds. “Our heavy focus on recession-resistant multifamily collateral and floating rate debt positions the Fund well in the current market environment. To date, we have assembled a durable portfolio and have substantial dry powder which will create the opportunity to deliver strong returns to our investors.”
BDS IV is set to Invest in underserved segments of the debt market where the barriers to entry remain high, the platform leverages in-house expertise across multi-family, office, seniors housing and logistics sectors.
Bridge Executive Chairman Robert Morse added, “BDS IV is one of our numerous investment vehicles focused on the residential rental market in the US, and like our complementary strategies in multifamily, workforce housing and single family for rent, uses specialized expertise in a targeted investment thesis to create attractive exposure to a high-performing asset class.”
