Apollo Global Management, Inc. announced on Monday that it entered into a definitive agreement to acquire real estate company Bridge Investment Group Holdings Inc. for approximately $1.5 billion in an all-stock deal.

Following the closing of the transaction, Bridge will operate as an independent platform within Apollo's asset management business and will keep its existing management team and brand. The transaction is anticipated to close in the third quarter of 2025.

"We are pleased to announce this transaction with Bridge, which is highly aligned with Apollo’s strategic focus on expanding our origination base in areas of our business that are growing but not yet at scale," Apollo Partner and Co-Head of Equity David Sambur said. "Their business will complement and further augment our existing real estate capabilities, and we believe we can help scale Bridge’s products by leveraging the breadth of our integrated platform," he added.