Bridgepointe Technologies, a San Mateo-based technology advisory and enablement services platform, has secured an $875 million senior debt financing package led by funds managed by Morgan Stanley Private Credit. The financing was provided alongside the creation of a continuation vehicle led by Carlyle AlpInvest, with an equity investment from existing investor Charlesbank Capital Partners and Bridgepointe management.
Bridgepointe helps organizations plan, implement, and manage IT strategies through a nationwide team of technology strategists, a deep supplier ecosystem, and a comprehensive suite of lifecycle services. The company advises enterprises on telecom, cloud, and IT infrastructure decisions, including supplier selection. The financing will support accelerated growth plans, including strategic acquisitions, investment in technology and talent, and further enhancement of the company’s operating capabilities.
Morgan Stanley Private Credit is a direct lending and opportunistic private credit platform focused on North America and Western Europe, investing across the capital structure, including senior secured term loans, unitranche loans, junior debt, and structured equity. Charlesbank Capital Partners manages approximately $21 billion in assets. Carlyle AlpInvest manages $102 billion in assets.
KEY QUOTE:
“Morgan Stanley Private Credit is pleased to support Bridgepointe’s accelerated growth plans as it broadens its capabilities to better serve customers and partners. We look forward to partnering with Charlesbank Capital Partners and Carlyle AlpInvest as they pursue strategic acquisitions, invest in technology and talent, and further enhance Bridgepointe’s operating capabilities.”
Ashwin Krishnan, North America Head, Morgan Stanley Private Credit
