This morning, Bridgepoint has announced the acquisition of Kayne Anderson Real Estate, adding c$22bn of AUM and establishing real estate as a fourth core asset class, taking pro forma AUM to c$117bn for c$1.4bn (mixed consideration of cash and shares). The deal also meaningfully strengthens the group’s US footprint and fee mix, and management expects to see strong earnings accretion (mid-single digit EPS in 2027 rising to >20% in 2028), supporting a step change in scale, diversification and medi ....
