Bridgepoint on track to meet 'key' FY targets
By Iain Gilbert
Date: Wednesday 16 Nov 2022
(Sharecast News) - Private equity firm Bridgepoint said on Wednesday that it was "on track" to meet its "key targets" for 2022 despite "more challenging" macroeconomic conditions.
Bridgepoint stated that whilst exits across the market had been challenging during the second half of the year, the group was still on course to hit budgeted realisations for 2022, with two major exits signed in Q3 at valuations that were ahead of expectations.
The FTSE 250-listed group said that capital raising for its equity and credit businesses continued to make progress, reflecting the attractive nature of its "well-balanced portfolios".
Following its September portfolio and valuation review, Bridgepoint also confirmed that its investment portfolios were trading "largely in line with expectations" set out at the start of the year.
Bridgepoint also reaffirmed its full-year 2022 guidance on the back of its "positive" financial performance.
As of 0835 GMT, Bridgepoint shares were down 8.72% at 213.60p.
Reporting by Iain Gilbert at Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN