British private equity firm Bridgepoint sold a passive minority stake to U.S. peer Dyal Capital Partners, the Financial Times reported, citing people familiar with the matter.

The deal, which has been confirmed by Bridgepoint, was recently signed although its terms were not disclosed, according to the Aug. 11 report. Dyal Capital will benefit from a proportion of dividends and carried interest as part of the deal, the people said.

William Jackson, a managing partner at Bridgepoint, said Dyal Capital's investment will enable the company to accelerate its investments in its existing business and extend its middle market presence.

Dyal Capital has recently been active in acquiring stakes in private equity firms, the FT noted.