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Laxman Pai, Opalesque Asia: Global private asset growth investor Bridgepoint announced the successful completion of fundraising for its third direct lending fund, Bridgepoint Direct Lending III (BDL III), with more than €3.4 billion ($3.8bn) of investable capital.
The specialist in private equity and private debt said in a press release that its predecessor, BDL II, closed in 2018 with €2.3 billion of investible capital.
"The strength of the latest fundraise illustrates the wider growth and development of Bridgepoint Credit, which has grown assets under management grow by 76% to €12.0 billion since the acquisition of EQT Credit in October 2020," said the release.
With a dedicated team of 65 professionals in eight offices, Bridgepoint is well positioned to meet the continued increasing demand for private credit solutions, it claimed.
To date, BDL III has provided acquisition and growth capital to 28 leading mid-market companies in Europe.
Andrew Konopelski, Partner and Head of Credit at Bridgepoint said: "The success of our third Direct Lending fund further solidifies Bridgepoint Credit as one of Europe's premier credit managers. We extend our thanks to all our investors, new and existing, for their support and trust in us."
"Our well-established track record spanning 15 years and multiple cycles, coupled with the power of being part of one of the longest established private equity houses in Europe enables us to provide a highly differentiat...................... To view our full article Click here
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