Private equity firm Bridgepoint reported a significant increase in its assets, reaching $75.6 billion last year, more than double the amount at its IPO in June 2021. This represents a 69% rise from the previous year, largely driven by the acquisition of Energy Capital Partners (ECP), which contributed $33 billion to its assets under management (AUM).
The acquisition of ECP, completed in August, has been a pivotal factor in Bridgepoint's growth. Despite this impressive increase in AUM, the firm reported a 6.2% decline in pre-tax profit, which fell to £80.7 million for the year ending December 2024. However, when accounting for the ECP acquisition, Bridgepoint anticipates that its profit could reach approximately £150 million, indicating a substantial 74.4% increase compared to 2023.
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