bd-capital, the pan-European, operator-led investment firm, is pleased to announce the final closing of its second fund, bd-capital Fund 2 (“Fund 2”), at €430 million. The fund closed more than 20% over its target of €350 million after less than twelve months in the market. With the closing of Fund 2, bd-capital’s assets under management have increased to over €800 million.
Commitments to Fund 2 were secured from a diverse cohort of institutional investors, including insurance companies, pension funds, sovereign wealth funds and family offices. In addition to Europe and the Middle East, a significant proportion of capital came from North American investors.
bd-capital’s Managing Partners, Andy Dawson and Richard Baker, said: “We are incredibly grateful for the continued support we have received from our existing limited partners and are delighted to have welcomed such a fantastic group of new investors into Fund 2. To have exceeded our fundraising target in a relatively short timeframe is a validation of our distinctive, operator-led, pan-European multi-sector specialist strategy. The firm continues to expand and with this new fund, we are well positioned to capitalise on the exciting opportunities in our target sub-sectors as we move onwards.”
In Spain, bd-capital has a team of 6 professionals and has invested to date in 3 companies: Taptap Digital, Greenset and Netex Learning. Alejo Vidal-Quadras de Caralt, Partner and Head of Southern Europe, and Francesc Casabella, Operating Partner, commented: ‘We are very satisfied with the closing of this second fund and we are looking forward to continue supporting Spanish companies in their growth plans’.
bd-capital brings a highly differentiated investment approach to the European mid-market, utilising an operator-led strategy where its team of private equity investors and experienced business leaders work together in full partnership across all aspects of sourcing, diligence, execution and value creation.
bd-capital was supported by its partners at Houlihan Lokey (exclusive global placement agent), Weil, Gotshal & Manges (legal counsel), Carey Olsen (legal counsel) and Langham Hall (fund administration).
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