Bridgepoint Group PLC

Latest Results (18.05.2026):

Bridgepoint Group PLC — FY 2025 (year to 31 December 2025, covering Q4 2025): Bridgepoint reported a strong full‑year 2025 with AUM growth, higher fee income and continued fundraising momentum. Key outcomes include $94.1bn total AUM (+24.5% y/y), underlying management fees of £427.7m (+5.9% or +13.0% ex catch‑up), PRE of £151.6m (+9.5%), underlying EBITDA of £304.8m (margin 52.6%) and €8.1bn returned to fund investors after €7.8bn deployed. The Group has raised €14bn towards a €24bn target for the fundraising cycle and set guidance pointing to further margin and fee growth in 2026/27.

Assets under management and fee base

Bridgepoint Group PLC (FY 2025): Total AUM $94.1bn (up 24.5% vs. 2024). Fee‑paying AUM stood at €38.8bn ($45.5bn), broadly flat in € terms (+0.3%) but +13.5% in $ terms; ECP VI, BE VIII and credit deployments are expected to increase fee‑paying AUM through 2026.

Revenue, FRE and PRE

Bridgepoint Group PLC (FY 2025): Underlying management & other income £427.7m (+5.9%; +13.0% excl catch‑up fees). Fee‑related earnings (FRE) £156.4m (£150.7m excl catch‑up) and performance‑related earnings (PRE) £151.6m (+9.5%), with PRE representing 26.2% of total income.

Profitability and margins

Bridgepoint Group PLC (FY 2025): Underlying EBITDA £304.8m (margin 52.6%). Underlying profit before tax £248.3m. Reported profit before tax was £85.7m; reported basic EPS 5.0p, while underlying basic EPS was 26.5p.

Fundraising and pipeline

Bridgepoint Group PLC (FY 2025): €14bn raised so far toward a €24bn target by end‑2026. Notable progress: ECP VI $3.7bn closed (vs $5.0bn cover), BDL IV €4.2bn closed (above €4.0bn cover), BE VIII and BCO V fundraising underway with BE VIII first close expected Q2 2026.

Deployment, exits and cash returned

Bridgepoint Group PLC (FY 2025): €7.8bn deployed in 2025 and €8.1bn returned to fund investors (exceeding €5.5bn drawn). Significant exits include Calpine (closed Jan 2026, partial consideration in CEG shares), and returns across private equity, infrastructure and credit strategies.

Balance sheet, cash and capital allocation

Bridgepoint Group PLC (FY 2025): Group cash (excluding CLO/vehicle third‑party cash) £193.5m at year‑end. Net leverage ~1.0x 2025 underlying EBITDA; revolving credit facility renewed in March 2026 with £400m undrawn liquidity. Final dividend proposed 4.7p per share; share buyback programme (up to £50m) extended to May 2027.

M&A and strategic progress

Bridgepoint Group PLC (FY 2025 / early 2026): Entered secondaries via Newbury Bridgepoint (team joined Feb 2026); expects limited near‑term EBITDA impact but scalable medium‑term opportunity. Continued investment in client coverage and sales capability to support fundraising.

Outlook and guidance

Bridgepoint Group PLC (FY 2025): Management expects continued management fee growth of ~13–16%, high single‑digit expense growth, PRE of ~20–25% of total income in 2026/27 (timing‑sensitive), and an EBITDA margin target of ~55–60% for 2026/27 as new funds become fee paying.