Bridge Investment Group raises $1.6bn

The Salt Lake City-based firm closed its fourth multifamily fund above target.

Fund name: Bridge Multifamily Fund IV

Amount raised: $1.6bn

Target size: $1.25bn

Stage of fundraising: Final Close

Final close date: December 2019

Time on the road: 23 months

Predecessor Fund: Bridge Multifamily & Commercial Office Fund III ($958m)

Bridge Investment Group held reached a final close of Bridge Multifamily Fund IV, with $1.6 billion in committed capital. The fund was targeting $1.25 billion. The value-add fund will invest in mid-market multifamily sectors in North America.