Bridgepoint Capital’s most recent fund, European Private Equity Fund II (EPEF II) has reached its EURO1.6 billion target following a EURO100 million commitment from the Canadian Pension Plan (CPP) Investment Board. This marks the first European private equity investment for the CPP and means EPEF II will exceed its target when it closes in the summer at an estimated EURO1.8 billion.
The second fund will have the same focus as the first, targeting UK and continental European mid-market buyouts. In the current climate there is more appetite for mid-sized deals rather than early stage or mega deals and Bridgepoint is optimistic about opportunities for its new fund. EPEF I is already fully invested.