FJ Capital Management said Thursday that it had received a "significant investment" by Bridge Equities LLC.
FJ Capital, which is managed by former Friedman Billings Ramsey Group executives Martin Friedman and Andrew Jose, was created in 2008 to make investments in community and regional banks.
The companies declined to give the specific amount of Bridge's investment, but Jose said in an interview that the McLean, Va., company now has $35 million under management. Jose added that FJ Capital has investments in more than 60 companies.
Bridge Equities is a unit of SunBridge Capital Management LLC that is backed by the Bainum family, described in a press release as a prominent Washington, D.C,. family whose previous investments include Choice Hotels International and Manor Care Inc.