February 7, 2022: BC Partners, a leading international investment firm, has announced the final close of its latest flagship private equity buy-out fund, BC Partners Fund XI (“Fund XI” or the “Fund”), securing total capital commitments of €6.9 billion across all related vehicles. The Fund received strong support from its existing investors and is backed by a well-diversified, long-standing, global blue-chip investor base.
Fund XI will continue to pursue the Firm’s sector-focused strategy that has delivered attractive returns across BCEC Fund IX and X. It will focus on investing in market leading businesses that benefit from strong and resilient underlying growth drivers, led by talented incumbent management teams, and will continue to leverage the Firm’s deep sourcing networks across Europe and North America.
The Fund has already made eight investments in some of the Firm’s target sectors of TMT, Healthcare, Industrial & Business Services, and Consumer, committing over €2.4 billion of capital and generating over €1.8 billion of co-investment opportunities for our limited partners.
Raymond Svider, Chairman of BC Partners, said: “We are a firm led by investors for our investors and have a long track record of delivering superior value to our limited partners. We are excited by the opportunities that our focused sector-led approach continues to generate, which leverages our unique sourcing network built over 35 years. We are confident that we can continue to build on our successful track record, and we remain highly disciplined given the challenging environment for investing.
Partnership remains at our core. We expect to continue to generate even greater co-investment opportunities for us to partner with our investors in Fund XI. We are grateful for the support of all investors, new and returning alike, who have contributed to the successful closing of Fund XI.”
This latest fund close follows the successful closing of BC Partners Credit Special Opportunities Fund II at $1.2 billion, exceeding both the target size of $750 million and the initial hard cap of $1 billion, and BC Partners European Real Estate I with commitments of c. €900 million, again significantly exceeding the initial target range of €500-700 million.
Kirkland & Ellis served as legal counsel to the Fund.
About BC Partners
BC Partners is a leading investment firm with over €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for three decades in developing the European buy-out market. Today BC Partners investment teams from offices in Europe and North America work as integrated transatlantic teams aligned across our core sectors. Since its foundation, BC Partners has completed over 120 private equity investments in companies in its four core sectors – TMT, Industrial & Business Services, Healthcare and Consumer, with a total enterprise value of over €160 billion and is currently investing its eleventh private equity buy-out fund.
For further information, please visit https://www.bcpartners.com/