Bridge Investment Group Results Presentation Deck
Appendix
Investment Performance Summary - As of December 31, 2022 ($ in MM)
Closed-End Funds!!)
(Investment Period Beginning, Ending Date)
Equity Strategies Funds
Multifamily
Bridge Multifamily I (Mar 2009, Mar 2012)
Bridge Multifamily II (Apr 2012, Mar 2015)
Bridge Multifamily III (Jan 2015, Jan 2018)
Bridge Multifamily IV (Jun 2018, Jun 2021)
Total Multifamily Funds
Workforce & Affordable Housing
Bridge Workforce Housing I (Aug 2017, Aug 2020)
Bridge Workforce Housing II (Aug 2020, to present)
Total Workforce & Affordable Housing Funds
Seniors Housing
Bridge Seniors I (Jan 2014, Jan 2018)
Bridge Seniors II (Mar 2017, Mar 2020)
Bridge Seniors III (Nov 2020, to present)
Total Seniors Housing Funds
Office
Bridge Office I (Jul 2017, Jul 2020)
Bridge Office II (Dec 2019, Dec 2022)
Total Office Funds
Debt Strategies Funds
Bridge Debt 1 (Sep 2014, Sep 2017)
Bridge Debt II (Jul 2016, Jul 2019)
Bridge Debt III (May 2018, May 2021)
Bridge Debt IV (Nov 2020, to present)
Total Debt Strategies Funds
$
$
$
$
$
$
$
Cumulative
Fund
Committed
Capital
Unreturned
Drawn Capital
plus Accrued
Pref
124 $
596
912
1,590
3,222 $
619
1,741
2,360 $
$
578 $
820
48
1,446 $
573 $
208
781 $
132 $
1,002
1,624
2,888
5,646 $
552
1,505
2,057 $
656 $
968
1,624 $
812
833
32
1,677
$
$
672 $
207
879
$
$
241
1,031
1,935
3,207 $
Cumulative
Investment
Invested
Capital
150 $
605
881
1,416
3,052 $
578 $
911
1,489 $
720 $
730
24
1,474
619
206
825
2,617
5,555
6,984
15,375
$
Please refer to Notes to Performance Summary on slide 39 for additional information.
BRIDGE INVESTMENT GROUP
$
219 $
$
$
Realized
Investment
Value
280 $
1,264
1,784
347
3,675 $
119
69
188
64
$
404 $
236
1
641 $
187 $
39
226
$
264 $
2,804
5,090
4,981
13,139 $
Total Investment-Level
Unrealized
Investment
Value
349
2,611
2,960
1,069
922
1,991
430
733
28
1,191
446
268
714
272
1,044
2,197
3,513
Unrealized
Investment
MOIC
N/A
N/A
2.62x
2.07x
2.13x
Total
Investment Fair
Value
$
$
2.05x $
1.09x
1.46x $
1.02X $
1.30x
1,24x
1.18x $
1.00x $
1.49x
1.13x
$
1.25x $
1.25x
1.25X
1.04x
1.12x $
280
1,264
2,133
2,957
6,634
1,188
991
2,179
834
969
29
1,832
633
307
940
264
3,076
6,134
7,178
16,652
Total
Investment
MOIC
1.87x
2.09x
2.42x
2.09x
2.17x
2.05x
1.09x
1.46x
1.16x
1.33x
1,24x
1.24x
1.02x
1.49x
1.14x
1.21x
1.18x
1.10x
1.03x
1.08x
Fund-Level Returns
Investor
Levered Net
IRR(¹0)
15.1 %
23.0 %
20.5%
25.4 %
21.5%
20.6 %
0.3%
15.7%
0.5%
5.2 %
2.1%
2.6%
(2.6)%
16.1%
0.3%
5.5%
8.7%
9.0 %
6.2 %
8.3 %
Investor
Unlevered
IRR
Net
15.1 %
22.5%
19.8 %
24.5%
21.0%
20.6 %
0.9 %
15.2 %
0.6 %
5.2 %
2.1%
2.6 %
(2.3)%
14,6 %
0.6%
5.5%
8.6 %
8.9 %
5.4 %
8.0 %
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