Seller Details:
Newbury Partners (“Newbury”) specializes in acquiring limited partnership interests in established buyout, growth equity and venture capital funds. Founded in 2006, their team have raised over $6.5 billion in committed capital across six dedicated funds and have invested in more than 700 underlying private equity fund interests on behalf of over 250 limited partners worldwide, returning more than $5 billion in distributions since inception.
Buyer Details:
Bridgepoint Group (“Bridgepoint”) is one of the world’s leading quoted private asset growth investors, specializing in private equity, infrastructure and private credit. With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, they combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.
Transaction Summary:
Newbury will expand Bridgepoint’s capabilities into the fast-growing secondaries segment, brings established client relationships, nearly two decades of proprietary data and performance history from the secondaries market, enhancing Bridgepoint’s analytical and investment capabilities.
The team will manage Newbury’s most recent fund and will act as sub-advisor to its predecessor funds, adding $4.3 billion of AUM to the Group at closing. In return, Bridgepoint will receive an ongoing share of existing Newbury management fees making this a funded team lift.