Bonaccord Capital Partners: Fund II Closes At $1.6 Billion 

Bonaccord Capital Partners – a private equity business focused on providing growth capital and strategic support to middle-market private markets sponsors – announced the final close of its second GP Stakes fund, Bonaccord Capital Partners II (BCP II), with $1.6 billion in total commitments.This fund closed at its revised hard cap and above its target of $1.25 billion, having grown by 117% compared to its predecessor fund, Bonaccord Capital Partners I (BCP I), a 2021 vintage that closed with $738.95 million. Amid this fund size growth, Bonaccord has consistently focused on investing in exceptional mid-market private market sponsors. With the closing of BCP II, Bonaccord now has approximately $5 billion in assets under management.BCP II has received significant support from existing investors, with BCP I LPs increasing their aggregate commitment by 17% vs. prior fund commitments. The fund has a diverse LP base, including 66 investors across 4 continents and 14 countries, and experienced meaningful growth in investor count across important geographies, including the Middle East, Asia, and Latin America. BCP II also substantially increased the investor count across growth segments, including wealth and insurance.Bonaccord has invested $2.6 billion across 15 investments, including $1 billion co-investment. And BCP II will continue Bonaccord’s middle-market GP stakes strategy, partnering with exceptional middle-market private markets sponsors across private equity, private credit, real estate and real assets with the mission of supporting them to reach their potential and establish enduring institutions.BCP II is about 60% invested to date and has completed 8 investments in Park Square Capital, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit, and Lead Edge Capital.Bonaccord continues investing in the team and corporate resources to support this larger fund and anticipated future initiatives.Fried, Frank, Harris, Shriver & Jacobson LLP served as fund counsel.KEY QUOTE:“The closing of Bonaccord Capital Partners II is a testament to the exceptional caliber of our partner sponsors, and we are grateful to share a vision of long-term growth and partnership with all of them. We thank our investors for the confidence they have placed in us to execute our investment strategy, and we will continually endeavor to achieve ongoing success for all Bonaccord stakeholders.”– Ajay Chitkara, Managing Partner at Bonaccord