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NWEP renamed Bridgepoint Capital

The renamed NatWest Equity Partners will retain its focus on European mid-market growth companies.

The move comes as the breakaway group severs all links with the NatWest Group, its former parent company.

It will continue to manage the investment portfolios established when under NatWest, however the bank intends to place its share of the portfolios in the secondary market following the group's acquisition by Royal Bank of Scotland earlier this year.

Bridgepoint expects to begin raising its next fund in the course of the summer.