BD-Capital launches debut fund with €400m target

The GP was co-founded by former Advent International investment partner Andy Dawson and former FTSE CEO Richard Baker.

The vehicle is expected to make between 8-10 investments in consumer-facing businesses across a range of sectors. It will write equity tickets of €25-150m with an average size of €50m.

BD-Capital has already appointed three operating partners and is in the process of hiring investment professionals, which it expects to announce in autumn, according to a source.

Placement agent Houlihan Lokey Private Funds Group is advising the launch, while Weil Gotshal & Manges is providing legal advice.

BD-Capital declined to comment on the fundraise.

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