BridgeInvest Raises $670 Million for Private-Credit Bets

BridgeInvest, an asset manager focused on financing commercial real estate, wrapped up its fourth private credit fund after collecting more than $670 million for the pool and parallel vehicles.

The fund, BridgeInvest Specialty Credit Fund IV, holds more than twice as much as the Miami-based firm’s previous financing pool, which closed with $281 million in equity commitments in 2021. Including leverage, the predecessor vehicle had an investment capacity of more than $400 million, BridgeInvest said.

Adding leverage is expected to bring the new fund’s investing capacity to roughly $1.2 billion. The firm began raising the new pool about 18 months ago.

See the full article in The Wall Street Journal