On August 11, 2018, Dyal announced its agreement to acquire a passive minority stake in Bridgepoint.
Under the terms of the agreement, Dyal Capital Partner (“Dyal”) will receive a proportion of dividends and carried interest of Bridgepoint Capital (“Bridgepoint”). Further terms of the deal were not disclosed.
Dyal is a New York-based private equity and venture capital firm that specializing in acquiring minority stakes in alternative asset Manager. Dyal has $14 billion in assets under management. Its parent company, Neuberger Berman, has $295 billion in assets under management.
Bridgepoint is a London-based private equity firm that focuses on middle market acquisitions. Bridgepoint has €28.2 billion of committed funds and €18 billion in assets under management.
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