Key Takeaways
- • Bridge Growth Partners closed a $790 million continuation vehicle (CV) dedicated to Solace Corporation, a real-time data and agentic AI platform for enterprise infrastructure, with co-leads including Apogem Capital, Golub Capital, HSBC Asset Management, and Schroders Capital.
- • Following the transaction, Bridge Growth Partners will control over 15 percent of Solace's equity (including GP and affiliate rollover), with the Healthcare of Ontario Pension Plan rolling over its minority stake, signaling institutional confidence in the company's growth trajectory.
- • Bridge Growth Partners III, the firm's latest flagship fund, made its inaugural investment through this continuation vehicle, expanding the firm's deployment capacity in enterprise AI infrastructure.
- • The deal underscores rising institutional demand for real-time data infrastructure solutions as enterprises accelerate AI deployment across financial services, retail, manufacturing, transportation, and public sector applications.
- • Campbell Lutyens and JPMorgan provided financial advisory services, while Willkie Farr & Gallagher LLP handled legal representation, reflecting the institutional-grade execution typical of large continuation vehicle transactions.
Summary
Bridge Growth Partners has successfully closed a $790 million continuation vehicle for Solace Corporation, a leading platform in real-time data infrastructure and agentic AI systems designed for enterprise deployment. The continuation vehicle attracted co-investment from Apogem Capital, Golub Capital, HSBC Asset Management, and Schroders Capital, demonstrating broad institutional appetite for infrastructure plays supporting enterprise AI adoption.
Solace operates in a strategic segment of the software infrastructure market, providing tools that enable enterprises to stream, manage, and integrate data across applications, cloud environments, and AI systems. The company serves large global organizations spanning financial services, retail, manufacturing, transportation, and public sector verticals—sectors increasingly prioritizing real-time data capabilities to support AI implementation at scale.
Following the transaction close, Bridge Growth Partners will hold over 15 percent of Solace's equity when combining its direct stake with GP and affiliate rollover positions. The Healthcare of Ontario Pension Plan will maintain a minority rolled-over position, reinforcing participation from institutional pension capital. Bridge Growth Partners III, the firm's newest flagship vehicle, participated in the continuation vehicle as its inaugural investment, signaling the fund's strategic focus on infrastructure-tier companies supporting the AI era.
The continuation vehicle structure reflects the maturation of enterprise software investing, where established platforms with proven customer bases and recurring revenue attract dedicated capital extensions rather than traditional follow-on rounds. The transaction was advised by Campbell Lutyens and JPMorgan (financial advisors) and Willkie Farr & Gallagher LLP (legal counsel), underscoring the institutional complexity and due diligence rigor applied to infrastructure-scale venture investments.
The deal illustrates accelerating institutional capital deployment toward foundational AI infrastructure rather than application-layer companies, as enterprises worldwide prioritize data pipeline reliability to support large-scale AI initiatives.
Solace operates in a strategic segment of the software infrastructure market, providing tools that enable enterprises to stream, manage, and integrate data across applications, cloud environments, and AI systems. The company serves large global organizations spanning financial services, retail, manufacturing, transportation, and public sector verticals—sectors increasingly prioritizing real-time data capabilities to support AI implementation at scale.
Following the transaction close, Bridge Growth Partners will hold over 15 percent of Solace's equity when combining its direct stake with GP and affiliate rollover positions. The Healthcare of Ontario Pension Plan will maintain a minority rolled-over position, reinforcing participation from institutional pension capital. Bridge Growth Partners III, the firm's newest flagship vehicle, participated in the continuation vehicle as its inaugural investment, signaling the fund's strategic focus on infrastructure-tier companies supporting the AI era.
The continuation vehicle structure reflects the maturation of enterprise software investing, where established platforms with proven customer bases and recurring revenue attract dedicated capital extensions rather than traditional follow-on rounds. The transaction was advised by Campbell Lutyens and JPMorgan (financial advisors) and Willkie Farr & Gallagher LLP (legal counsel), underscoring the institutional complexity and due diligence rigor applied to infrastructure-scale venture investments.
The deal illustrates accelerating institutional capital deployment toward foundational AI infrastructure rather than application-layer companies, as enterprises worldwide prioritize data pipeline reliability to support large-scale AI initiatives.
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