'Scale matters': Apollo's Bridge deal shakes up the debt and equity markets

Apollo Global Management’s agreement to acquire Utah-based Bridge Investment Group, announced earlier this week, is set to create a $110 billion combined real estate platform, growing Apollo’s AUM in the sector by 40 percent. This is a step change for the manager, helping it to scale its equity business – which focusses on residential and logistics – to its existing and sizeable credit business. The firm now has a suite of real estate capital solutions – but in today’s real estate equity and credit markets, why is this important? In this episode, Greg Dool, PERE’s America’s editor; Sam Rowan, editor of PERE Credit; and Dan Cunningham, editor of Real Estate Capital Europe, take a look at the deal and explore why managers are seeking not just scale, but breadth of offering.