Bridgepoint Group (BPT) investor relations material

Executive summary

• Delivered financial performance ahead of market expectations in 2025, with strong fund and management company results and market-leading returns for institutional investors in Europe and the US.

• Achieved significant fundraising momentum, supported by leading returns, a diversified platform, and robust deployment and exit trends.

• Continued to diversify with entry into secondaries and launch of the wealth platform, Bridgepoint Generations.

• Maintained robust capital deployment and exit activity, with a strong pipeline for 2026.

Financial highlights

• Assets under management (AUM) rose 25% to $94.1 billion, with fee-paying AUM up 14% to $45.5 billion.

• Management fees grew 13% year-over-year, excluding catch-up fees, reaching £427.7m.

• EBITDA increased by 14% to £305 million with a 53% margin, exceeding 50% for the second consecutive year.

• Returned €8.1 billion to fund investors in 2025, totaling €16.6 billion over two years.

• PRE in 2025 was GBP 151.6 million, slightly above guidance at 25% of total income.

Outlook and guidance

• Confident in achieving €24 billion fundraising target by end of 2026.

• Expect consistent revenue growth of 13%-16% through the next cycle, with EBITDA margin guidance of 55%-60% for 2026 and 2027.

• PRE expected to be 20%-25% of total income in 2026 and 2027, underpinned by Calpine exit and Constellation share sales.

• Continued investment in platform capabilities, with expenses to grow at a high single-digit percentage annually.

• BE VIII expected to become fee-paying mid-2026; BDL IV fundraising exceeded €4bn.