Bridgepoint Reset and Upsize CLO IV, Extending Reinvestment to 2029
Deal News | Jan 24, 2025 | Bridgepoint
Bridgepoint announces the successful pricing of the reset and upsize of its CLO IV, a significant transaction initially priced in December 2022. The deal increases the size of the CLO by 40%, from €320 million to €450 million, while concurrently extending the reinvestment period to 2029 and reducing the overall cost of capital. The transaction has been met with strong demand from both new and existing investors, indicating a robust confidence in Bridgepoint’s investment strategy and credit selection process. John Murphy, Partner and Head of Syndicated Debt at Bridgepoint, expressed appreciation for investor support, underscoring Bridgepoint’s position as a leading European CLO manager with over €12 billion in assets across corporate credit. This move enhances Bridgepoint's strategic focus on direct lending, credit opportunities, and syndicated debt.
Sectors
- Private Equity
- Corporate Credit
Geography
- Europe – Bridgepoint is described as one of Europe's foremost CLO managers, indicating the geographical relevance.
Industry
- Private Equity – Bridgepoint is a private equity firm, focusing on managing CLOs and corporate credit.
- Corporate Credit – The article is centered around a CLO transaction, which is a significant financial instrument in corporate credit markets.
Financials
- 450 million – The new size of the Bridgepoint CLO IV after the upsize, increased from 320 million.
- 12 billion – Assets under management by Bridgepoint in corporate credit across various investment strategies.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bridgepoint | Private Equity Firm | Company | A leading private equity firm known for managing corporate credit through CLOs, direct lending, and syndicated debt. |
| John Murphy | Partner and Head of Syndicated Debt | Person | A key spokesperson for Bridgepoint's CLO IV transaction, highlighting the firm's strategy and investor confidence. |