Bridgepoint Credit has transferred a €1.2bn ($1.4bn) portfolio of European direct-lending assets into a new continuation vehicle led by Pantheon, providing investors in its 2017-vintage fund with an opportunity to either realise their holdings or remain invested, according to a report by Bloomberg.
The portfolio comprises senior secured loans to European middle-market companies that were originated by Bridgepoint Direct Lending II (BDL II), an older direct-lending strategy managed by Bridgepoint...
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