Bridgepoint Group is preparing to distribute approximately €2bn to investors in its Europe VI buyout fund within weeks, following recent exits from investments in Dorna Sports and Kereis, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the UK-based firm generated proceeds from the €4.2bn sale of Dorna Sports – owner of MotoGP – to Liberty Media, and the €2bn sale of French insurance broker Kereis to Advent International. The two exits represent nearly 30% of Bridgepoint Europe VI, which began deploying capital in 2019.
The return is set to lift the fund’s distributions to paid-in capital (DPI) ratio to nearly 70%, a critical performance benchmark for LPs in today’s more selective fundraising environment. Limited partners in Europe VI include institutional heavyweights such as CalPERS, Washington State, New York State Common, and Minnesota SBI, per Bloomberg data.
The distribution comes as Bridgepoint gears up to launch its next flagship fund, Bridgepoint Europe VIII, later this year. Strong DPI metrics will be key to attracting re-ups as investors increasingly focus on realised returns over paper gains.
