|
Laxman Pai, Opalesque Asia: BC Partners Credit, the credit arm of the British international investment firm BC Partners, has closed its Special Opportunities Fund II (SOF II ) on $1.2bn, smashing its initial $750m target.
BC Partners secured broad support from a diverse group of global investors and SOF II benefitted from strong demand from both existing and new LPs, with 100% of institutional investors in SOF II's predecessor fund renewing their commitment.
According to a press release from the private equity major, SOF II is an all-weather, nimble strategy encompassing illiquid and liquid opportunities. The Fund focuses on private originations and secondary investments in North American and European markets. Returns are driven by current income, capital appreciation, structural protections, and monetizing illiquidity premia.
Upon Ted Goldthorpe joining BC Partners in February of 2017, BC Partners embarked on developing its credit strategy as an expansion of its capital investment activities, it added.
"These efforts included building out an experienced team of 17 investment professionals, including Partners and co-founders, Matthias Ederer and Henry Wang, to leverage the competitive advantages of the BC Partners platform. The team pursues a differentiated strategy that pivots opportunistically between private and public market sourced opportunities and seeks to partner with management teams by embracing a value-added lending approach," it said.
"...................... To view our full article Click here
|
RSS
