Presentation of the Bridgepoint Development Capital fund
Summary
Written transcription
Bridgepoint Development Capital is the lower-to-mid-market fund of Bridgepoint, a firm that Altaroc knows well. As a reminder, Altaroc Odyssey 2022 has committed to Bridgepoint's main fund, Bridgepoint Europe VII, which invests in companies between €250 million and €1 billion. Altaroc Odyssey 2024 invested in Bridgepoint s "little brother" fund, Bridgepoint Development Capital V, or BDC V, which invests in smaller companies of between €50 million and €250 million. These "little brother" funds are very successful because they benefit from being part of a very large organization, with a wealth of resources and expertise, which gives them a real competitive edge in the smaller company market, where they compete with smaller funds that don't have the same resources at all.
I have known the BDC team for about ten years. I invested in BDC III and IV and was a member of the advisory board of these two funds before joining Altaroc .
Fund V has a target size of €2 billion, which the fund is expected to exceed given the strong investor demand for the fund.
BDC invests in high-growth companies primarily in the Services, Technology and Healthcare sectors. The team also invests more opportunistically in the Consumer sector.
BDC's track record is very good since BDC's mature funds, BDC I, BDC II and BDC III, which still have potential to improve their performance, have generated an average performance of 2.6x the net investment and 30% net IRR.
