Private Equity

Bridgepoint targets £1bn for fourth development fund

New fund would be 65% larger than its £605m predecessor, which closed in 2016

Bridgepoint is targeting £1bn for its fourth Development Capital fund, according to documents from a Louisiana pension fund.

If the fundraising reaches its goal, Bridgepoint Development Capital IV would be 65% larger than its predecessor, the strategy’s third fund, which raised £605m in 2016.

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