Bridge Investment Group completed fundraising for its Bridge Logistics Value Fund II, raising nearly $1.4 billion in equity commitments, according to a company statement. The fund exceeded its $1 billion target.

The fund focuses on acquiring and repositioning logistics real estate assets in supply-constrained U.S. infill and global gateway markets. The strategy emphasizes off-market opportunities and operational value creation through leasing, asset management, and capital improvements.

"We are incredibly proud to announce the successful close of BLV II and deeply grateful for the trust and partnership of our investors," said Jay Cornforth, Chief Executive Officer of Bridge Logistics Properties.

Brian Gagne, Chief Investment Officer of Bridge Logistics Properties, said the fund was built around acquiring assets at an attractive basis in markets with strong long-term demand fundamentals.

Bridge Investment Group is an affiliate of Apollo (NYSE: APO) and operates as an alternative investment manager across specialized asset classes. The company combines its nationwide operating platform with investment professionals focused on select real estate verticals.

The fund is designed to capitalize on demand drivers within the industrial sector, including supply chain modernization, e-commerce growth, and tenant preference for modern distribution facilities.