BC Partners closes tenth flagship private equity fund at €7bn
LONDON – January 17, 2018 – BC Partners (“BC Partners”), a leading private equity firm, today announces the final close of BC European Capital X (“BCEC X” or “the Fund”) at its target size of €7bn. BCEC X is €300mn larger than its predecessor, BC European Capital IX (“BCEC IX”), which raised €6.7bn in 2012.
BCEC X was able to attract capital commitments from 130 different investors, including both new and existing LPs. Approximately 35% of the capital raised for BCEC X came from investors in North America, 25% from investors in Europe, and 35% from investors in Asia and the Middle East.
The fund received commitments from a broad range of investors, including pension funds (45%), sovereign wealth funds (20%), and other major institutions such as banks, insurance companies, endowments, family offices and foundations.
BCEC X follows the same investment strategy as the successful BCEC IX: by investing in large, market-leading businesses across Europe and selectively in North America.
The Fund has already demonstrated a strong pipeline and deal flow, making seven investments to date across five European countries and the US in five different sectors (TMT, financial services, healthcare, consumer, industrials). Five of these transactions were either proprietary or made following a limited auction, while two were investments involving the founders or owners of the business.
Charlie Bott, Head of Investor Relations and a Managing Partner at BC Partners, said: "We are delighted with the support we have received for BCEC X and would like to take the opportunity to thank both our first-time investors and our returning long-standing supporters. We are excited about the pipeline of opportunities available to us and pleased with the Fund’s progress to date, with a number of highly promising investments already made across BC Partners’ core sectors and geographies."
About BC Partners
BC Partners is a leading international private equity firm with over €17bn billion of assets under management. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. BC Partners executives operate as an integrated team through the firm's offices in Europe and North America, acquiring and developing businesses to create value in partnership with management.
Since inception, BC Partners has completed 99 investments in companies with a total enterprise value of €121 billion and is currently investing its tenth private equity fund. For more information, please visit www.bcpartners.com