Private equity firm Bridgepoint on Thursday reported a rise in full-year profits in its first results as a listed company, underpinned by a string rise in assets under management.
The company said pre-tax profit for the year to December 31 rose to £62.6m from £48.5m a year earlier. Total operating income was up 41% to £270.6m.
Bridgepoint, which listed on the London Stock Exchange last September, had total assets under management of €33bn (£27.5bn) at December 31, up 23.7% year on year.
The board proposed a final dividend of 3.64p a share for the second half of 2021 to reflect its initial period as a listed firm.
Bridgepoint said it had “no material direct exposure” to the conflict in Ukraine.
“We have no material portfolio assets in either country, nor do we have any Russian investors in our funds,” it added.
