Bridgepoint looking to raise further capital for Special Opportunities strategy

The move would add a small pool of capital, largely from existing investors, to continue the strategy deployed in realising the portfolio of 13 companies Bridgepoint acquired from Edmond de Rothschild Capital Partners (EDRCP) in 2014.

The capital pool, named Bridgepoint Special Opportunities, will invest in mostly France-based SMEs in challenging financial situations and will target investment opportunities that Bridgepoint would not normally consider through its existing funds given their growth-focused strategies.
 
Bridgepoint Special Opportunities will target companies with a turnover of €50-300m with an average equity ticket of €25m-60m. 

Commitments will come largely from existing investors in the current EDRCP vehicle, although BPI France has indicated that it will commit €75m to the vehicle. The public investment bank invested directly, as well as through its turnarounds-focused fund-of-fund Fonds de Fonds de Retournement, part of the Programme d’Investissement d'Avenir initiative. 

Other potential investors in the vehicle are yet to be confirmed.

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