European private equity manager Bridgepoint announced on Monday its buyout fund Bridgepoint Europe V reached its hard cap of €4 billion ($4.3 billion).
The fund’s original target was €3.5 billion, a news release from the company said. The fund focuses on European businesses with a capitalization of between €150 million to €600 million.
Investors include the $132 billion Texas Teacher Retirement System, Austin; $104.5 billion Washington State Investment Board, Olympia; $51.7 billion Pennsylvania Public School Employees’ Retirement System, Harrisburg; and $16.7 billion Louisiana Teachers’ Retirement System, Baton Rouge.
Bridgepoint spokesman James Murray did not return a phone call by press time.
