Bridgepoint confirms return to fundraising trail, could raise €4bn

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london bridgeEuropean 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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