Bridgepoint Group PLC (LSE:BPT) reported a drop in first-half 2025 pre-tax profit to £60.6 million, down from £99.9 million in the same period last year. Despite the decline, the firm highlighted strong underlying performance, robust fundraising momentum, and a healthy pace of asset exits.
Management fee income climbed to £207.1 million, or £201.4 million when excluding catch-up fees—an 11% year-on-year increase on a comparable basis. Fee-related earnings rose 22% to £70.3 million (excluding catch-ups), while performance-related earnings held steady at £57.6 million. Adjusted EBITDA came in at £122.3 million, improving on last year’s results when excluding one-off items.
Bridgepoint’s assets under management rose 20% to €86.6 billion, with fee-paying AUM ticking up 2% to €37.5 billion. The group returned €2.6 billion to investors in the first half of the year, benefiting from timely exits and earlier-than-expected carried interest recognition from BE VI.
On the fundraising front, Bridgepoint reported continued strength. Its ECP VI fund began generating fees in May, while BDL IV secured €2.2 billion by the end of June. CEO Raoul Hughes expressed confidence in reaching the firm’s €24 billion fundraising target by 2026.
“Our ability to originate high-quality transactions and maintain a disciplined investment approach continues to generate strong returns,” Hughes said. He noted an uptick in deal activity and growing interest from limited partners in both European mid-market opportunities and U.S. energy infrastructure.
The company reaffirmed its full-year guidance, pointing to a solid pipeline of upcoming divestments and expanding investor appetite across its core sectors.
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