Bridgepoint registers sixth flagship fund for 2018 launch

According to publicly available documents, the GP registered numerous new companies associated with its new fund in London and Edinburgh during August and September.

A spokesperson for the firm told unquote": "The filings are preparing the groundwork for us returning to market in 2018, which is consistent with information we have made publicly available. We were waiting to see how the investment rate was looking, but that's on track so we'll be expecting to start fundraising next year."

The firm's fifth vehicle, Bridgepoint Europe V fund, held a €4bn final close in March 2015, exceeding its €3.5bn target. It followed the strategy employed by Bridgepoint's previous vehicles – targeting European businesses with enterprise values of between €150–600m – and received commitments from the US, Europe, the Middle East, Asia and Australia.

The largest commitments to the fifth fund came from California Public Employees Retirement System, Washington State Investment Board, APG Group, Teacher Retirement System of Texas, New York State Common Retirement Fund and Ohio Public Employees Retirement System, according to unquote" data.

Figures from unquote" data also suggest the vehicle was 47% deployed as of March 2017. Since then, the vehicle has acquired Scottish property developer Miller Homes in a deal valued at £655m.

Bridgepoint recently featured in the unquote" In Profile series, mapping out key players in the European mid-market.

Click here to view a complete profile of Bridgepoint, including details of funds, LPs and investments on unquote" data

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