Bridge Growth Partners Raises a US$790 Million (C$1.1 Billion) Continuation Vehicle for Solace Led by Apogem Capital, Golub Capital, HSBC Asset Management, and Schroders Capital

New Flagship Fund Bridge Growth Partners III Makes Inaugural Investment

NEW YORK--(BUSINESS WIRE)--Bridge Growth Partners, LLC, a leading technology investment firm, announced today the successful closing of a single-asset continuation vehicle with US$790 million (C$1.1 billion) in commitments for Solace (“Solace” or the “Company”), the real-time data and agentic AI platform purpose-built for the enterprise AI era.

The transaction was co-led by Apogem Capital, Golub Capital, HSBC Asset Management, and Schroders Capital, with participation from Bridge Growth Partners III, the firm’s latest flagship fund, which made its inaugural investment through the transaction. Post-closing, Bridge Growth will represent over 15% of Solace’s total equity, inclusive of GP & affiliates rollover and the investment from Bridge Growth Partners III. Separately, the Healthcare of Ontario Pension Plan (“HOOPP”), a minority investor in Solace, is rolling its existing equity position as part of the transaction.

As enterprises increase investment in operationalizing AI, real-time data infrastructure has become mission-critical. Solace sits at that intersection — enabling the world's largest organizations to move trusted data continuously across applications, AI agents, and cloud environments. Its customers include global leaders across financial services, retail, manufacturing, transportation, and the public sector.

“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,” said Alok Singh, CEO of Bridge Growth Partners. “We are thrilled to welcome some of the best-known and largest investors and financial institutions in the world, as we support Solace on its next phase of development. Apogem has been a trusted limited partner and co-investor with Bridge Growth for many years and worked closely with us as a lead arranger in this transaction, underscoring our long-standing relationship and our shared vision for Solace’s future.”

“Partnering with Bridge Growth, we’ve grown into a true market leader at the forefront of enabling leading global enterprises to connect everything and operate in real time,” said Denis King, Chief Executive Officer of Solace. “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.”

“Having collaborated with Bridge Growth Partners as an LP and co-investor across multiple investments, we are pleased to lead their inaugural continuation vehicle. We have been highly impressed by Solace's growth and transformation under Bridge Growth’s guidance, leadership, and ownership,” said Stanley Xu, Managing Director of Apogem Capital. “We look forward to partnering with the exceptional teams at Solace and Bridge Growth as the company continues to deliver critical real-time data infrastructure to enterprises worldwide.”

“We are excited to partner with Bridge Growth – a proven winner in building great technology businesses,” said Greg Cashman, Co-Head of Sponsor Finance at Golub Capital. “This transaction also represents the first co-lead investment in Golub Capital’s GP-Led Secondaries strategy and reflects our decades-long experience investing in mission-critical software.”

“We are delighted to co-lead Bridge Growth’s first continuation vehicle alongside a group of experienced investors,” said Kutty Dutta, Head of Private Markets at HSBC Asset Management. “Enterprises are increasingly prioritizing real-time data infrastructure, a trend further accelerated by agentic AI’s need for real-time contextual data. Solace’s platform is well-positioned to benefit from this trend, and we look forward to supporting the company’s next stage of growth.”

“Bridge Growth Partners brings deep expertise in technology and a disciplined approach to building high-quality businesses like Solace,” said David Guryn, Senior Investment Director, Private Equity at Schroders Capital. “As enterprises increasingly prioritize event-driven architecture, we are excited to partner with Bridge Growth to build on Solace’s momentum as a market leader in real-time data infrastructure.”

The transaction extends Bridge Growth’s relationship with Solace following its initial control investment in Solace in 2016. Since launching Fund I in 2014, Bridge Growth has invested approximately $1 billion in equity, including investments from its co-investor partners, and has returned $2 billion to investors. Bridge Growth Funds I and II will be liquidated following this CV transaction.

Advisors

Campbell Lutyens and J.P. Morgan acted as financial advisors and Willkie Farr & Gallagher LLP served as legal advisor to Bridge Growth Partners on the transaction.

About Solace

Solace is the real-time data and agentic AI platform for enterprises. With its real-time data and agentic AI platform, Solace delivers proven, scalable, event-driven capabilities to bring together agents, applications and data across legacy, cloud, and AI systems. Established enterprises worldwide – including RBC Capital Markets, Bosch, Heineken, PSA Singapore, United Airlines, and Schwarz Group – trust Solace to enable intelligent, time-sensitive experiences; modernize their application and integration landscape; and create seamless digital journeys for their customers, partners and employees. Learn more at solace.com.

About Bridge Growth Partners

Bridge Growth Partners, LLC is a private equity firm that targets investments in the technology and technology-enabled services sectors. Bridge Growth Partners brings together in one team premier investment, financial, strategic and operating business building talent. The firm is committed to relationship-based investing, with a focus on supporting growth, operational excellence and world-class governance at its portfolio companies to create value for investors. For more information about Bridge Growth Partners, please visit https://www.bridgegrowthpartners.com/.