DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Bridge Net Lease Fund Manager LLC

Asset manager (funds and pooled vehicles)Sandy, UtahCRD 316623SEC 801-129523websiteIAPD
Latest filing Mar 31, 2026
First filing on the tape Jan 17, 2024 · 5 filings
SEC status approved since Feb 16, 2024
RAUM
$843M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
587
9 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$843M as of Mar 31, 2026
Mar 28, 2024$726M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 31, 2026
Mar 28, 20240 then
Employees (5.A)587 as of Mar 31, 2026
Mar 28, 20242,300 then
Private funds3 as of Sep 19, 2025
Mar 28, 20243 then
RAUM +17% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$843MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
+17%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$8.6M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$843M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$8.6M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=true bd_reps=9.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      3 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Bridge Net Lease Income Fund-T LPReal Estate Fund$712M409Mar 31, 2022
      Bridge Net Lease Industrial Income Fund LPReal Estate Fund$8.5M10Mar 31, 2022
      Bridge Net Lease Industrial Income Fund International LPReal Estate Fund$5.4M1Jan 17, 2024
      Owners and control persons
      Schedule A and B, latest filing
      • Reid Brandon Flickinger · Co-Chief Investment Officercontrol
        since 03/2021 · owns 5% to 10%
      • Kent Jared Forsgren · Chief Compliance Officercontrol
        since 07/2021 · owns less than 5%
      • Michael Sodo · Chief Executive Officercontrol
        since 03/2021 · owns 5% to 10%
      • Aaron Matthew Tucker · Co-Chief Investment Officercontrol
        since 03/2021 · owns 5% to 10%
      Entity owners
      • Bridge Fund Management Holdings LLC · Member
        direct · owns 50% to 75%
      • Bridge Investment Group Holdings Inc · Member, Manager
        indirect · owns F of Bridge Investment Group Holdings LLC · public reporting company
      • Bridge Investment Group Holdings LLC · Member
        indirect · owns 75% or more of Bridge Fund Management Holdings LLC
      • Flm Holdings, LLC · Member
        indirect · owns 25% to 50% of Bridge Investment Group Holdings LLC
      Related persons
      Schedule D 7.A
      Advisers that list Bridge Net Lease Fund Manager LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Arlington, VA12 employees
      • Sandy, UT
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • business activity changedChange between filings · filing Mar 31, 2026
        advises private funds (Item 7.B): yes on the filing of 2025-09-19, no on the filing of 2026-03-31
        peers: asset managers, $500M to $1B (783)
      • employee count dropChange between filings · filing Mar 31, 2026
        employees (Item 5.A) moved from 2,130.0 to 587.0 (-72.0%) between the annual amendments of 2025-04-04 and 2026-03-31; the peer median change was 0.0% (395 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $500M to $1B (395) · 0.5% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 3 to 1
        Sep 19, 2025 to Mar 31, 2026
      • Advisory employees · 10 to 9
        Sep 19, 2025 to Mar 31, 2026
      • Advisory activities · 2 to 1
        Sep 19, 2025 to Mar 31, 2026
      • Pooled vehicle clients · 3 to 1
        Sep 19, 2025 to Mar 31, 2026
      • Assets in custody · $723M to $8.6M
        Sep 19, 2025 to Mar 31, 2026
      • Employees · 610 to 587
        Sep 19, 2025 to Mar 31, 2026
      • Private funds · 3 to unset
        Sep 19, 2025 to Mar 31, 2026
      • Discretionary RAUM · $723M to $843M
        Sep 19, 2025 to Mar 31, 2026
      • Pooled vehicle RAUM · $723M to $843M
        Sep 19, 2025 to Mar 31, 2026
      • RAUM · $723M to $843M
        Sep 19, 2025 to Mar 31, 2026
      • BD registered reps · 0 to 9
        Apr 4, 2025 to Sep 19, 2025
      • Employees · 2,130 to 610
        Apr 4, 2025 to Sep 19, 2025
      • Related broker-dealer · false to true
        Apr 4, 2025 to Sep 19, 2025
      • Accounts · 4 to 3
        Mar 28, 2024 to Apr 4, 2025
      • Advisory employees · 12 to 10
        Mar 28, 2024 to Apr 4, 2025
      • Pooled vehicle clients · 4 to 3
        Mar 28, 2024 to Apr 4, 2025
      • Assets in custody · unset to 722627825.0
        Mar 28, 2024 to Apr 4, 2025
      • Custody of client assets · false to true
        Mar 28, 2024 to Apr 4, 2025
      • Employees · 2,300 to 2,130
        Mar 28, 2024 to Apr 4, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Apr 4, 2025
      • Discretionary RAUM · $724M to $723M
        Mar 28, 2024 to Apr 4, 2025
      • Non-discretionary RAUM · $2.1M to $0
        Mar 28, 2024 to Apr 4, 2025
      • Pooled vehicle RAUM · $726M to $723M
        Mar 28, 2024 to Apr 4, 2025
      • RAUM · $726M to $723M
        Mar 28, 2024 to Apr 4, 2025
      • Assets in custody · 699861594.0 to unset
        Jan 17, 2024 to Mar 28, 2024
      • Custody of client assets · true to false
        Jan 17, 2024 to Mar 28, 2024
      • Employees · 2,250 to 2,300
        Jan 17, 2024 to Mar 28, 2024
      • Discretionary RAUM · $700M to $724M
        Jan 17, 2024 to Mar 28, 2024
      • Non-discretionary RAUM · $0 to $2.1M
        Jan 17, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $700M to $726M
        Jan 17, 2024 to Mar 28, 2024
      • RAUM · $700M to $726M
        Jan 17, 2024 to Mar 28, 2024
      Signals
      1 dated events
      • Bridge Net Lease Fund Manager Llc filed its initial SEC registration (Form ADV)
        Jan 17, 2024 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/bridge-net-leasereportedpublic record, Form ADV, Sep 17, 2026
      Website
      bridgeig.comreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      801-716-1463reportedpublic record, Form ADV, Mar 31, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026
      Across the graphs

      Bridge Net Lease Fund Manager LLC is the same institution as 1 record in Real Estate Funds.

      Real Estate Funds1

      Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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