British private investment firm Bridgepoint Group is exploring a potential secondary-market transaction to sell more than $1.15 billion in private credit stakes.
While the deal remains under consideration and has not yet been finalized, the transaction would involve investors acquiring new positions in a continuation vehicle, a fund structure that pools existing loans and provides liquidity for investors seeking to exit, Bloomberg reported.
Continuation vehicles and secondary transactions have gained traction in recent months as tougher exit conditions push investors to seek alternative liquidity options.
Read Also: SEC Enforcement Probes Continuation Vehicles In Private Equity Evercore data cited manager-led secondary deals at $106 billion last year, up from $70 billion in 2024, with credit’s share rising to 11% from 5% in 2024.
Last month, it was announced that Ares Management (NYSE:ARES) was moving to sell $3.4 billion of bundled interests in a flagship European direct-lending fund, potentially making it one of the largest private credit sales on record.
