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Report: PE firm Bridgepoint Advisers raising €750M for credit fund

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Report: PE firm Bridgepoint Advisers raising €750M for credit fund

London-based private equity group Bridgepoint Advisers Ltd is in discussions with investors to raise €750 million for a credit fund, Private Equity News reported, citing a person familiar with the matter.

The firm appointed former Bank of Ireland Group PLC head of acquisition and finance David Walsh to run the credit fund in 2017, the magazine reported. Former ING Groep NV executive Michael Lucas was also hired by Bridgepoint Advisers, according to the report.

In 2018, Bridgepoint Advisers closed a €5.7 billion buyout fund, its biggest to date, a person familiar with the matter told Private Equity News.