Bridge Investment Group raises $1.6b for its CRE-backed fixed-income strategy

Bridge Investment Group has secured approximately $1.6 billion in equity commitments to be managed by its subsidiary, Bridge Debt Strategies Fund Manager.

Bridge Debt Strategies invests in select Freddie Mac securitization vehicles, including K-Series floating and fixed‐rate opportunities, select first mortgage floating rate loans, mezzanine loans and preferred equity.

“The commercial real estate fixed‐income opportunity continues to provide exceptional risk‐adjusted returns in the current low interest rate environment, and our pace of deployment has accelerated in the first half of 2017,” said James Chung, CIO of Bridge Debt Strategies. “Our strategy has resulted in quarterly distributions that meet or exceed the targeted cash‐on‐cash returns, and we are confident that our strategies will remain compelling through the investment period.”

The strategy focuses on underserved parts of the CRE‐debt space and lends against asset types in which Br