BC Partners’ New Fund Raises €1.8 Billion as First Close Nears

BC Partners has secured investor commitments of about €1.8 billion ($2.1 billion) for its new flagship fund as it nears a first close, according to people with knowledge of the matter.

The fundraising could reach €2 billion at the first close at the end of this year, the people said, asking not to be identified as the information is private. Deliberations are ongoing, while the size and timing of the fundraising could change depending on market conditions, they said.

BC Partners was seeking to raise €5 billion to €6 billion for its latest flagship fund, Bloomberg News reported in February. ...