Bridgepoint has priced its eleventh collateralised loan obligation at €405m, marking the London-headquartered asset manager's second new issue of 2026 and a further expansion of its credit platform.

The transaction, Bridgepoint CLO XI, adds to a credit business that now manages €20bn of capital across direct lending, credit opportunities and syndicated debt. The firm's broader asset management business oversees $98bn, underscoring the scale of the platform behind its CLO programme.

"We're grateful for the continued support from both existing and new investors which is a strong endorsement of our platform, our disciplined investment approach and the consistency of the outcomes we've delivered over a number of years," said John Murphy, partner and head of syndicated debt at Bridgepoint.

Murphy added that the firm's focus remains on "disciplined credit selection, active portfolio management and delivering consistently strong risk-adjusted returns" for investors as the strategy continues to grow.

The issuance comes at a time of growing momentum in the European CLO market. The continent's wider securitisation market is forecast to reach €1.2tn over the next five years, a projection that has drawn increased investor interest to CLO structures as a means of accessing diversified pools of leveraged loans.

For European credit investors, the deal reflects a broader pattern of established managers maintaining steady issuance cadences even as some segments of the private credit market face headwinds. CLO managers with proven track records and consistent performance have continued to attract capital, with investors viewing the structures as offering attractive risk-adjusted returns relative to other fixed-income alternatives.

Bridgepoint's ability to price two new issues in the first half of 2026 suggests healthy demand from both existing and new investors, a dynamic that contrasts with the more challenged fundraising environment facing some first-time CLO managers. The firm's deep credit platform, spanning direct lending and credit opportunities alongside its syndicated debt business, provides a differentiated sourcing advantage in what remains a competitive market for European leveraged loan assets.