Bridgepoint Group PLC (LSE:BPT), up 10.4% at 256.8p, has struck a US$1.39 billion deal to acquire Kayne Anderson Real Estate, adding a US specialist real estate platform and lifting the private markets investor’s pro forma assets under management to about US$117 billion.
The upfront consideration comprises US$759 million in cash and around 189 million newly issued Bridgepoint shares. The deal is expected to be mid-single-digit accretive to earnings per share in 2027 and more than 20% accretive in 2028, Bridgepoint said.
Kayne Anderson Real Estate, based in Boca Raton, Florida, manages US$22 billion across real estate equity and debt strategies. Its latest flagship fund, KAREP VII, closed on 15 May 2026 with US$5.12 billion of commitments, nearly double its predecessor, with the platform’s AUM growing at about 20% a year between 2019 and May 2026.
Bridgepoint said the enlarged group will span five investment verticals: private equity, credit, infrastructure, real estate and secondaries. The acquisition is also expected to raise the share of US-domiciled management fees to 42% from 28% and increase fee-related earnings to around 60% of EBITDA from about 50% for Bridgepoint standalone.
