BC Partners, a leading international investment firm with over €22 billion of assets under management in private equity, private credit and real estate, announced that Blackstone Alternative Asset Management (“BAAM”) has made a passive, minority investment in the firm.
The companies did not disclose the investment but the Wall Street Journal has reported, based on sources, that it is investing $560 million for a 10% to 15% stake.
The investment was made by BAAM’s Strategic Capital Group, its team that specializes in minority partnerships with leading alternative asset managers.
“This investment will provide BC Partners with increased balance sheet capital to further invest in its business and expand its capabilities in line with the needs of the firm’s investors,” BC Partners said.
Most recently, BC Partners launched a real estate business and established a private credit platform to expand on its private equity business.
“This investment is a testament to the growth and institutionalization of our business, and will enable us to take the Firm to the next level for the benefit of our investors. We look forward to leveraging Blackstone’s best-in-class resources and exceptional talent as we look to expand and strengthen our platform across our three key verticals,” said Raymond Svider, Partner and Chairman of BC Partners.
Scott Soussa, Head of BAAM’s Strategic Capital Group, said, “BC Partners has a three-decade track record investing across sectors and geographies. This, combined with the strength of their people and processes, has allowed the firm to earn the trust of a diverse set of LPs around the world. We look forward to helping enable their continued growth in private equity, as well as their further expansion into newer areas like real estate and private credit,” said Scott Soussa, Head of BAAM’s Strategic Capital Group.
Evercore acted as financial advisor to BC Partners. Simpson Thacher & Bartlett served as legal counsel to BC Partners and Kirkland & Ellis LLP served as legal counsel to Blackstone.