June 1, 2021
NorthBridge Partners is the latest private equity vehicle to bank on the ongoing durability of the surge in e-commerce during the pandemic. The firm closed its $500 million third fund targeting last-mile East Coast logistics real estate earlier this week. To test the thesis,
Mergers & Acquisitions interviewed NorthBridge managing partners
Dean Atkins and
Greg Lauze. And we took a close look at commerce-related capital expenditures made by
Amazon Inc. (Nasdaq: AMZN) in Q1 and how they help us read the tea leaves. Here’s what we found.
Cardboard boxes on conveyor roller with racks on background
Private equity continues to make bets on logistics real estate–think warehouses–even as the pandemic winds down. NorthBridge’s recent oversubscribed fundraising follows its recapitalization of a $360 million industrial final-mile portfolio by a subsidiary of