Deals
BC Partners Poised to Miss Fund Target Even After Extension
- Long-term investors have passed on firm’s 11th flagship fund
- BC’s latest fund probably won’t reach $9.8 billion target
Raymond Svider
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
BC Partners, one of Europe’s oldest private equity firms, is likely to miss a fundraising target on its next flagship vehicle and has asked investors for more time to secure fresh commitments.
The London-based manager headed by Raymond Svider, which had sought at least 8.5 billion euros ($9.8 billion) for a new fund by August, has only pulled in around 5 billion euros since fundraising began at the start of 2020, according to people familiar with the matter. Even with the closing date pushed back to January 2022, the firm expects to fall short, the people said.