Apollo Global Management purchased Bridge Investment Group, a firm with $50 billion in assets, in a $1.5 billion all-stock transaction.

Apollo Global Management Inc. has become one of the largest private-equity firms in the world by focusing on equity and debt investments as well as managing assets for the insurance sector.

Apollo Global Management has entered into an agreement to acquire Bridge Investment Group Holdings for $1.5B in stock, taking private an owner with mass amounts of multifamily and industrial real estate holdings.