Bridge Growth Partners has successfully closed a single-asset continuation vehicle with $790 million in commitments for Solace, the real-time data and agentic AI platform built for enterprise AI. The transaction was co-led by Apogem Capital, Golub Capital, HSBC Asset Management and Schroders Capital, with additional participation from Bridge Growth Partners III.
Post-closing, Bridge Growth will represent over 15% of Solace’s total equity, inclusive of GP and affiliates rollover and the investment from Bridge Growth Partners III. The Healthcare of Ontario Pension Plan, a minority investor in Solace, is also rolling its existing equity position as part of the transaction.
Solace serves global leaders across financial services, retail, manufacturing, transportation and the public sector, enabling organizations to move trusted data continuously across applications, AI agents and cloud environments. Bridge Growth first invested in Solace in 2016 and has since invested approximately $1 billion in equity, returning $2 billion to investors.
The transaction represents the first co-lead investment in Golub Capital’s GP-Led Secondaries strategy. Campbell Lutyens and J.P. Morgan acted as financial advisors, and Willkie Farr & Gallagher served as legal advisor to Bridge Growth on the transaction.
KEY QUOTES:
“Solace is well-positioned for accelerated expansion as it helps enterprises capitalize on the transformative use of real-time data as a foundation to realize the potential of AI. Today’s milestone reflects Bridge Growth’s disciplined investment strategy focused on building enduring technology businesses.”
Alok Singh, CEO, Bridge Growth Partners
“We are excited to continue our journey with Bridge Growth and our new investors, who are all recognized as leading institutions globally. Looking ahead, we are well-positioned to scale as an innovation leader and partner of choice to enterprises as real-time data becomes the essential foundation for every AI agent and enterprise application.”
Denis King, Chief Executive Officer, Solace
