BridgeInvest Reaches $612 Million at Second Close of Specialty Credit Fund V
BridgeInvest has held a second close for BridgeInvest Specialty Credit Fund V LP, bringing LP equity commitments to more than $612 million, the firm announced Aug. 31. The Miami-based direct lender is targeting more than $1 billion in LP equity for the open-ended vehicle by 2027.
Fund V Structure and Strategy
Fund V is the fifth vintage of BridgeInvest's flagship commercial real estate credit strategy. The vehicle is structured as an open-ended, discretionary real estate credit fund focused on senior-secured, middle-market commercial real estate loans across the United States. The fund targets short-duration loan positions in sectors including multifamily, industrial, and office.
The fund launched in June 2025 and held its second closing in July 2026. Since launch, Fund V has invested in 21 senior-secured CRE credit deals across multiple major U.S. markets, including Miami, New York, San Francisco, and San Antonio.
BridgeInvest's Growing Capital Platform
Fund V's second close adds to a growing capital base at BridgeInvest. The firm's prior flagship vehicle, BridgeInvest Specialty Credit Fund IV, closed with more than $670 million in equity commitments to the fund and related vehicles — more than double the roughly $281 million raised for the preceding fund in 2021. In September 2024, BridgeInvest also formed a $300 million programmatic joint venture with an undisclosed institutional investor, structured as a sidecar vehicle to invest in short-term, senior-secured CRE loans alongside the flagship funds.
Taken together, BridgeInvest's capital commitments across Fund IV, Fund V, and the programmatic joint venture position the firm as a scaled non-bank credit provider in the middle-market commercial real estate lending space at a time when traditional bank lending in the sector remains constrained.
Recent Loan Activity Illustrates Strategy
Recent transaction activity offers a window into the types of deals Fund V is designed to pursue. BridgeInvest closed a $66 million senior secured acquisition loan on a 14-property portfolio of rent-stabilized multifamily buildings in New York City. The portfolio spans 726 units across the Hudson Heights, Washington Heights, Prospect Park, and Brighton Beach submarkets. The transaction illustrates the firm's willingness to lend against regulated, rent-stabilized housing stock — a segment that many traditional lenders have pulled back from following New York's rent law reforms.
BridgeInvest structures its lending activity across bridge, construction, acquisition, and transitional loan types, investing through both its discretionary funds and programmatic joint ventures.
Market Context
The Fund V fundraise comes as private credit has expanded its share of commercial real estate lending, with institutional investors increasingly seeking senior-secured, income-oriented exposure to the asset class. BridgeInvest's open-ended fund structure and focus on short-duration, senior-secured loans reflects broader demand from institutional allocators for defensive CRE credit strategies as an alternative to bank financing that has remained limited across much of the market cycle.
With Fund V's second close now complete and a $1 billion-plus target in view, BridgeInvest continues to scale its flagship credit program through 2027.
Sources
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