Bridge Investment Group closes fourth debt strategies fund at $2.9b

Bridge Investment Group Holdings has wrapped up fundraising for its Bridge Debt Strategies Fund IV (BDS IV) fund, raising $2.9 billion in equity commitments.

Bridge Debt Strategies Fund IV is a diversified, three-pronged strategy focused on originating first mortgage direct loans, investing in Freddie Mac K-Series B-Pieces and opportunistically investing in other CRE-backed debt such as CRE CLOs. The fund invests in underserved parts of the debt market where barriers to entry are high and competition is more limited.

“Our heavy focus on recession-resistant multifamily collateral and floating rate debt positions the fund well in the current market environment,” said James Chung, CIO for the Bridge Debt Strategies funds. “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.”

As of March 31, Bridge Investment Group had some $38.8 billion of assets under