58 % of BridgepointaUM surges in third quarter third quarter

58 % of BridgepointaUM surges in third quarter third quarter ...

- The Private Equity firm Bridgepoint (BPTB.L) said that its assets under management (AUM) jumped 50 percent in the third quarter on Tuesday.

The London-listed investment firm said assets under management have grown to approximately 290 billion euros ($33.21 billion) mainly due to the purchase of EQTAB's credit business and the start of Bridgepoint Development Capital IV focused on growth capital investment.

Bridgepoint said in an trading update that it was confident in its financial outlook for 2021 and 2022 with invested a total 1.1 billion euros in the third quarter of the year backing companies based in Denmark, the Netherlands, Sweden and Britain, among others.

The private equity firm said it said its current private equity flagship fund - named Bridgepoint Europe VI - was 86 percent invested at the end of the third quarter.

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