(Reuters) - Alternative asset manager Apollo Global Management ( APO ) will buy real estate firm Bridge Investment Group ( BRDG ) for about $1.5 billion in an all-stock deal, the companies said on Monday.

After closing of the deal, expected in the third quarter of 2025, Bridge will operate as a standalone platform within Apollo's asset management business, retaining its existing brand and management team.

Bridge Investment ( BRDG ) had a market capitalization of about $960 million, as of Friday's close, according to data compiled by LSEG.