Bridgepoint raises €5.5bn for sixth fund

The GP exceeded its €5bn target and completed the fundraising ahead of its initial early 2018 schedule, according to media reports. 

Bridgepoint was forced to turn away around €5bn of additional capital from existing investors, having exceeded its target, the Financial Times reported.

Its previous European buyout vehicle, the Bridgepoint V fund, held a final close on €4bn in March 2015. The fund was deployed at 58% in September 2017, according to unquote" data.

Bridgepoint V was slightly smaller than its predecessor fund, Bridgepoint IV, which closed on €4.8bn in 2008.

Fund V's first investment was the acquisition in December 2015 of Azzurri Group, the Italy-themed restaurant group known for its Ask and Zizzi brands.

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• Topics
• Buyout
• UK / Ireland
• United Kingdom
• Bridgepoint