Incremental to this is the potential for each of the Group’s core products to expand irrespective of market growth:
Bridgepoint Europe: scope to deepen its presence in existing geographies, for example in the UK, where activity levels had been intentionally lower following Brexit, and in Germany, where the Group has significantly expanded the investment team. In parallel, origination has been expanded into to the United States, focusing on businesses with European reach or potential.
Bridgepoint Development Capital: Is similarly placed to deepen scale in existing geographies. This is evidenced by the size of more country specific funds in its markets even before further expanding its geographic reach in Europe, leveraging the Group’s office footprint and the existing strength of Bridgepoint’s business across Europe to grow beyond its current focus on the UK, France and Nordics.
Bridgepoint Credit: further geographic expansion is underway, with launches in the Netherlands in summer 2021 and in Spain in 2022, alongside continuing efforts to build the track record of its Bridgepoint Credit Opportunities strategy in the United States.