Bridge Investment Group and KB Asset Management announce strategic relationship

Bridge Investment Group Holdings and KB Asset Management (together with its affiliates, KBAM) have entered into a strategic relationship designed to strengthen KBAM’s overseas real estate management and investment capabilities and provide additional opportunities for Bridge to raise capital in Korea.

This relationship will provide KBAM opportunities to expand and strengthen its overseas real estate management capacity. KBAM plans to enhance its deal-sourcing capabilities by utilizing Bridge’s real estate investment network across the United States and to secure joint investment opportunities. Moreover, KBAM expects to grow operational expertise by collaborating on screening and due diligence processes of U.S. investments as well as exchanging human resources with Bridge.

As part of their strategic relationship, Bridge and KBAM agreed to use commercially reasonable efforts to identify equity capital commitments by KBAM across Bridge’s funds of at least $1 billion