SCHEDULE: Bridge Investment Group Acquired by Apollo Global

Bridge Investment Group Holdings Inc. has completed its merger with Apollo Global Management, Inc., becoming a wholly-owned subsidiary.

Summary

• Bridge Investment Group Holdings Inc. (the "Issuer") and its subsidiary OpCo completed their previously announced mergers with Apollo Global Management, Inc. ("Parent") on September 2, 2025.
• The Corporate Merger saw Merger Sub Inc. merge into the Issuer, with the Issuer surviving as a wholly-owned subsidiary of Parent.
• The LLC Merger involved Merger Sub LLC merging into OpCo, with OpCo surviving as a wholly-owned subsidiary of Parent.
• Each share of Class A Common Stock was converted into the right to receive 0.07081 shares of Parent common stock and cash in lieu of fractional shares.
• Each share of Class B Common Stock was converted into the right to receive 0.00006 shares of Parent common stock (value not exceeding $0.01) and cash in lieu of fractional shares.
• OpCo Class A Common Units were converted into the right to receive 0.07081 shares of Parent common stock and cash in lieu of fractional shares.
• OpCo Class B Common Units were cancelled and retired without any payment.
• Issuer RSU Awards, Issuer Restricted Stock Awards, and OpCo Class A Awards were converted into Parent RSU Awards or Parent Restricted Stock Awards, subject to the same terms and conditions, based on the Class A Exchange Ratio.
• Outstanding and unvested Issuer Restricted Stock Awards held by non-employee directors vested immediately prior to the Effective Time and were converted into the Corporate Merger Consideration.
• The reporting persons (Robert Randolph Morse, FLM Holdings, LLC, Jonathan Slager, SF Intentional Irrevocable Trust Dated December 30, 2019, J.P. Slager, LLC, Adam O'Farrell, Adam B. O'Farrell and Tracy K. O'Farrell Trust dtd May 9, 2019, and Dean Allara) ceased to beneficially own any shares of Class A Common Stock as of the closing date.
• Reporting persons engaged in sell-to-cover transactions of Class A Common Stock on July 21, 22, and 23, 2025, at weighted average prices of $10.60, $10.46, and $10.65 respectively.

Sentiment

Score: 5

Explanation: The filing is a factual report of a completed merger and the cessation of beneficial ownership by the reporting persons, which is a neutral event from the perspective of the reporting persons' filing.

Future Outlook

This filing reports the completion of a merger and does not provide forward-looking statements or guidance from the Issuer.

Industry Context

The filing details a change of control for Bridge Investment Group Holdings Inc., a real estate investment manager, as it becomes a subsidiary of Apollo Global Management, a major global alternative investment manager. This transaction reflects ongoing consolidation and strategic alignments within the asset management industry, particularly in the alternative investments sector.

Stakeholder Impact

• Shareholders of Bridge Investment Group Holdings Inc. received shares of Apollo Global Management, Inc. common stock and cash for fractional shares, effectively converting their investment.
• Holders of Issuer RSU Awards, Issuer Restricted Stock Awards, and OpCo Class A Awards had their equity converted into equivalent awards of Apollo Global Management, Inc., maintaining their incentive structures under the new ownership.

Next Steps

• The Issuer and OpCo will operate as wholly-owned subsidiaries of Apollo Global Management, Inc.
• The reporting persons no longer have beneficial ownership in Bridge Investment Group Holdings Inc. Class A Common Stock.

Key Dates

Keywords

Bridge Investment Group, Apollo Global Management, Merger, Acquisition, Class A Common Stock, Class B Common Stock, OpCo Units, SEC Filing, Schedule 13D, Corporate Merger, LLC Merger