The buyout group currently has around €27.4bn of assets under management across equity and debt funds, which has tripled since 2011. According to Bridgepoint’s annual review report, its total operating income rose to £191.8m in 2020, up from £144.8m in 2018. Its underlying profit measured as earnings before interest, tax, depreciation and amortisation also rose from £43.3m to £66.1m.
Bridgepoint claims that it has made “significant further profitable growth” so far in 2021. In particular, its recent Bridgepoint Development Capital IV fund closed its £1.6bn fundraiser in September 2020, while the company’s credit and direct lending funds are also raising new money.
Private equity firms have surged in popularity among investors in recent years, as financial institutions such as pension funds are looking to achieve better returns in the low interest rate environment.