- Bridge Investment Group ( NYSE: BRDG ) to acquire substantially all of the business of Newbury Partners, an investment manager that specializes in acquiring limited partnership interests in private equity funds through secondary transactions.
- The all-cash transaction is valued at $320.1M.
- Robert Morse, Executive Chairman of Bridge, said, “The acquisition of Newbury is a natural next step in thoughtfully expanding Bridge’s investment platform and capitalizing on a value-enhancing growth opportunity. As investors’ allocations to alternative investments grow, we believe growth in the secondaries market will also accelerate.”
For further details see:
Bridge Investment to acquire Newbury Partners for $320.1M