Bridge Investment Group Partners holds final close of senior housing fund
Bridge Investment Group Partners has held a final close of $737 million for its ROC Seniors Housing & Medical Properties Fund, according to Vivek Loganathan, analyst for Bridge Investment Group Partners.
The fund, which focuses on U.S. senior housing and medical properties, launched in November 2013 and held a first close of $41 million in January 2014. There have been two additional closes, one in September 2014 of $224 million and one in January 2015 of $137 million.
The value-added fund received investment from more than 200 investors, including family offices, general partners and employees, fund of funds, insurance companies, high net worth individuals, wealth management firms, foundations, and pension funds.