Bridgepoint is weighing options to expand its defence investing strategy as European appetite for military assets grows. The London-based private equity firm, ranked fourth-largest in Europe by the PEI 300, has completed two European defence deals since mid-2024 and is in talks with UK and French governments about supporting defence companies.

Raising a dedicated European defence fund is one option under consideration, according to chief investment officer Xavier Robert. The firm could also continue investing in defence assets through existing funds. Bridgepoint's strategy shift reflects a broader trend as defence investing, once considered untouchable, becomes essential for private equity portfolios.

The firm's recent acquisitions include MyDefence, a Danish counter-drone technology specialist, and a majority stake in Comrod, a Norwegian tactical communications provider. Bridgepoint's private equity business returned at least €3.5 billion to investors last year, with its €5.77 billion Bridgepoint Europe VI fund nearing a 100 percent distributed to paid-in ratio.