Bridge Investment Group Will Acquire Newbury


March 13, 2023

On February 15, 2023, Bridge Investment Group Holdings Inc. announced an agreement to acquire Newbury Partners LLC.

Under the terms of the transaction, Bridge Investment Group Holdings Inc. (NYSE: BRDG) (“Bridge”) announced its planned acquisition of Newbury Partners LLC (“Newbury”). Bridge will acquire Newbury in an all-cash transaction for approximately $320 million. Newbury’s management team will remain in place post-closing. The transaction is subject to standard regulatory review and is expected to close in the first half of 2023. 

Bridge, based in Salt Lake City, is a real estate investment manager with approximately $43 billion in assets under management.  

Newbury, based in Stamford, CT, is an investor in the private equity secondaries market, with a focus on acquiring limited partnership interests in buyout, growth equity and venture capital funds. Newbury manages over $4.3 billion in committed capital. Berkshire Global Advisors served as financial advisor to Newbury during the transaction.

To read the press release: please click here.

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