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 has an excellent track record: its mature funds—BDC I, BDC II, and BDC III, which still has room for performance improvement—have generated an average return of 2.6 times net investment and IRR of 30%.
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