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Bridge Growth Partners (est. in 2013) is an American private equity fund that invests in technology and financial services companies. [4] Bridge Growth's portfolio holdings include BackOffice Associates, Accedian , Finalsite, Salient CRGT , and Solace Corporation .
In July 2021, Bridge held an initial public offering becoming a listed company on the New York Stock Exchange at $16 per share. [5] [8] [9] In February 2023, Bridge acquired private equity firm, Newbury Partners in $320.1 million all-cash deal so it could perform activities in the private-equity secondary market. [10] [11]
The fund began as Dalio's personal trust fund and was subsequently opened to clients. [36] Its goal was to create "high, risk adjusted returns" that exceeded the general market's return. [36] [79] The All Weather fund contains more than $46 billion and is one of the largest funds in the U.S. as of 2011. [80]
[4] [5] [7] [10] In March 2010, the transaction was completed where Bridge Partners, a subsidiary of Pacific Century Group, acquired AIG Investments. [4] [5] [7] [10] The firm now independent of AIG was renamed to PineBridge Investments. [5] [12] Neuger who resigned from his posts at AIG, become CEO of the newly established entity. [4] [5] [6]
Bridge Growth Partners; ... Chicago Growth Partners; CI Capital Partners; ... Lone Star Funds; Lovell Minnick Partners; LRG Capital Funds; Lux Capital; M.
The public equity fund is noted for its strong performance, averaging annual returns of 29.52% since 2011. [11] For private markets, Altimeter Capital manages private growth equity funds that invest in both early and later stage technology companies. Its first private fund was closed in 2013. [3]
In December 2021, Anchorage announced it would close its $7.4 billion credit flagship fund (ACP Capital) due to lackluster returns and difficulties in markets such as distressed securities. [2] [3] [4] The firm moved on to focus on investments related to structured finance, such as collateralized loan obligations, as well as private credit.
Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. One of its early employees was William Jackson, who joined as a graduate in 1986. [2] The firm was renamed Bridgepoint Capital in May 2000 following a management buyout. [3] [4] In May 2001, Bridgepoint closed its first fund following its independence ...