Bridge Investment Group raises $1.6bn

The Salt Lake City-based firm achieves the final close of its third debt strategies fund.

Fund name: Bridge Debt Strategies Fund III
Amount raised: $1.63bn
Target size: $1.5bn
Stage of fundraising: Final Close
Final close date: December 2019
Time on the road: 22 months
Predecessor Fund: Bridge Debt Strategies Fund II ($1.83bn)

Bridge Investment Group held a final close of its Bridge Debt Strategies Fund III at $1.63 billion, exceeding its $1.5 billion target. The fixed income vehicle is focused on the multifamily sector in the United States.