Bridgepoint is significantly expanding its secondaries capabilities with the acquisition of Newbury Partners, adding $4.3 billion in assets under management to its portfolio. The London Stock Exchange-listed firm will operate the unit as Newbury Bridgepoint, marking a strategic move to broaden its alternative investment offerings beyond private equity, infrastructure, and credit strategies.

Newbury Bridgepoint plans to launch its next flagship secondaries fund in 2026, building on a track record of raising over $6.5 billion across six funds and returning more than $5 billion since inception. The acquisition follows Bridgepoint's purchase of infrastructure investor ECP in 2024, which has experience with continuation vehicles, including a $1.2 billion exit from Terra-Gen and a $1.6 billion CV for Calpine Corporation.

The move comes as Bridgepoint seeks to offer a comprehensive suite of products to limited partners seeking fewer managers with more substantial offerings. Pete Labbat, group managing partner, emphasized that secondaries are fundamental to how investors manage capital across cycles, while Chris Jaroch noted the firm's continued focus on mid-market opportunities where it can be a driving lead agent.