Bridge Investment Group raises largest closed-end dedicated multifamily fund ever

Bridge Investment Group has closed its fifth multifamily fund with $2.26 billion in equity commitments, representing the largest closed-end dedicated multifamily fund ever raised.

Bridge Multifamily Fund V opened to investors in June 2021, with a goal to invest $2 billion into multifamily assets across the United States. The fund’s predecessor, Bridge Multifamily Fund IV, had a $1.5 billion target and closed in 2019 at $1.594 billion.

“We believe the multifamily market will continue to experience positive secular macroeconomic conditions for the foreseeable future, and we are excited to deploy the capital raised in Multifamily Fund V at what we view as an attractive point in the cycle,” said Jonathan Slager, CEO at Bridge.

Bridge Multifamily Fund V is focused primarily on value-add, class B multifamily housing properties in high-growth markets with strong macroeconomi