Bridgepoint has announced that it is adding the Newbury Partners team in order to expand its product offering and market reach through a secondaries platform. We see the funded team lift-out as attractive entry into the large and growing secondaries market. Although we see only a small positive near-term impact on the Group’s financials, we believe there is further attractive and strategic growth potential once the next flagship fund is fully raised. We see small (<1%) u/l EBITDA upgrades over t ....
