Bridgepoint, the international alternative asset manager, is pleased to announce that it has completed the acquisition of EQT Credit. The acquisition will merge with Bridgepoint’s existing credit business to create an enlarged group which will represent over €7 billion of total assets under management.

Bridgepoint managing partner William Jackson said: “This transaction significantly accelerates the growth of our Credit activities, in line with our wish to continue to offer a diversified range of investment products to our investors. It strengthens Bridgepoint Credit’s existing local presence in London and Paris and adds new credit teams in Germany, the Nordic region and the US.”

Commenting on the newly combined Bridgepoint Credit business, managing partner Andrew Konopelski added: “Bridgepoint Credit continues to be open for business but with significantly enhanced investment firepower. We now have a dedicated team of 50 professionals in seven countries investing three highly complementary strategies that cover corporate credit from syndicated loans through European direct lending to opportunistic credit. Together we’ve been doing this since 2008 and coming together with Bridgepoint marks a new chapter that will mutually strengthen our knowledge of companies, industries and key trends in today’s market. This is a continuation of the same, but only better.”