Bridge Investment Group

In the fall of 2005, entrepreneurs Paul Hutchinson and John Pennington were returning to Utah from a scuba diving trip in Ecuador. The two decided to start their own private equity investment fund, Bridge Loan Capital Fund LP in 2006. They later brought in four other partners, Douglas Anderson, Jonathan Slager, Donaldson Hartman and Kelley Hansen to join Bridge Loan Capital, which was the investment management company.[5]

In December 2006, Hartman foresaw the Subprime mortgage crisis and Bridge Loan Capital changed it strategy from doing real estate loans to acquiring real estate properties and selling them for a profit at a more favorable time. In the fall of 2008, the Bridge Multifamily & Commercial Office Fund I was launched. The team looked for a team that could manage the properties that were acquired and eventually found a company nearby named Bridge Property Management which was a separate company founded in 1991.[5]

In the spring of 2009, all the Bridge entities above combined into one entity to form the Bridge Investment Group. It was joined by Hartman's former boss, Robert Morse who was previously the CEO of Citigroup Asia. Despite the effects of the 2007–2008 financial crisis, Bridge was able to successfully raise capital for its funds during this period.[5]

In July 2019, Bridge announced it would be deploying $509 million in capital for projects in opportunity zones.[6] In January 2021, Bridge announced it had raised almost $2 billion in capital for opportunity zones projects.[7]

In July 2021, Bridge held an initial public offering becoming a listed company on the New York Stock Exchange at $16 per share.[8][9][10]

In February 2023, Bridge acquired private equity firm, Newbury Partners in $320.1 million all-cash deal so it could perform activities in the private-equity secondary market.[11][12]

• Official website