Bridgepoint raises €5.1bn for fourth direct‑lending fund

Bridgepoint announced that its fourth direct‑lending vehicle, Bridgepoint Direct Lending IV, closed with €5.1 billion of commitments, well above the original €4 billion target. The fund, part of Bridgepoint’s credit platform that manages roughly $20 billion in assets, is already about 40 % invested, providing first‑lien senior secured loans to more than 20 mid‑market companies across Europe.

Around 35 % of the capital came from new investors, reflecting a broad geographic expansion of the limited‑partner base. Managing partner Andrew Konopelski said the strong demand underscores the growing appeal of European private credit as investors seek diversification beyond the United States.