Dyal Capital Partners, a unit of Neuberger Berman Group, has acquired a minority stake in private equity group Bridgepoint.

Financial terms of the deal, first reported by Financial Times, or the size of the stake being purchased were not divulged.

Bridgepoint

London-based Bridgepoint has €18bn in assets under management. Through the sale, Bridgepoint aims to fund its expansion plans.

Bridgepoint managing partner William Jackson said: “The investment by Dyal will allow us to accelerate our investment programme in our existing business as well as to extend our middle-market presence as we assess new complementary investment and product areas.”

The news agency also said that the deal will offer Dyal a portion of Bridgepoint’s profits.

The latest deal comes close on the heels of Dyal’s minority stake acquisition in US-based credit asset manager Golub Capital.

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Through the deal, Golub intends to expand its capabilities to offer financing solutions to its private equity sponsors and consistent returns for fund investors.

All deal proceeds will remain invested in the firm, while Golub’s strategy and management team will remain unchanged.

Golub CEO Lawrence Golub and president David Golub said: “Dyal’s investment gives us new resources to advance our mission to be the best at sponsor finance. Dyal has earned its reputation as partner of choice to best-in-class alternative investment firms. We are excited to welcome Dyal as our partner for the next phase of our growth.”