Bridgepoint Europe V draws €4bn of commitments
Bridgepoint Europe V, the European middle market buyout fund from European private equity group Bridgepoint, has secured €4bn in commitments from investors, ahead of its original target of €3.5bn.
The sum, raised from investors in the US, Europe, Middle East, Asia and Australia, means the fund has reached its so called ‘hard cap’, and will now move toward realising value from middle market acquistions across the region. The fund will focus on businesses valued at between €150m-600m, in sectors and niches with strong structural growth drivers and in companies benefitting from macroeconomic recovery or market consolidation at the global level.
William Jackson, managing partner, said: “Strong demand from investors has meant that we have exceeded our original target as investors have identified the European middle market as a place where there are excellent investment opportunities. BE V provides a well-defined route to access such a market with a team with a proven track record through different economic cycles.”