European private equity firm Bridgepoint is officially back in the fundraising market for its fifth flagship vehicle.
No target is given for Bridgepoint Europe V in a series of filings with the US Securities and Exchange Commission, but documents previously released by Portfolio Advisors claim the firm is targeting €3.5bn with a €4bn hard cap.
That document, which was presented to the Pennsylvania Public School Employees’ Retirement System in May, claimed Bridgepoint was eyeing a first close this month and a final close towards the end of the year.
It added that the firm would commit €100m to the fund, which will target mid-market European companies with enterprise values of between €150m and €600m.
Bridgepoint brought in €4.8bn of commitments for its previous flagship vehicle in 2008.
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