Bridgepoint Expands in Hot Secondaries Market With Newbury Deal

UK buyout firm Bridgepoint Group Plc is expanding into a fast-growing segment of the private equity market by adding a team from mid-market secondaries firm Newbury Partners.

The Newbury team is expected to join London-listed Bridgepoint in early 2026, according to a statement Friday, which confirmed an earlier Bloomberg News report. The transaction will add more than $4 billion of assets under management to Bridgepoint, it said. Bridgepoint will also receive an ongoing share of existing Newbury management fees.

Newbury, which is backed by Apollo Global Management Inc., is focused on acquiring limited partner interests in ...