BC Partners holds second close at €5.5bn
BC Partners has held a second close of its BC European Capital IX fund at €5.5bn.
The firm launched the vehicle in September last year and announced a first close at €4bn in March. The buyout fund has a hard-cap of €6.5bn.
Carry and hurdle are in line with industry standards. BC Partners offered a discount of 5% on its fees to investors willing to participate in the first close. No placement agent was used.
Investors
There is a wide geographic spread in terms of fund investors, including those from Europe, North America and Asia.
Investments
BC Partners typically invests in European or North American firms with an enterprise value of €500m or more, across all industries.
Advisers
Simpson Thacher & Bartlett (Legal).
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