Bonaccord Capital Partners Secures $1.6 Billion for BCP II
DALLAS — P10, Inc. (NYSE: PX), a distinguished player in private markets solutions, proudly announced the successful closure of its Bonaccord Capital Partners II fund with an impressive $1.6 billion in commitments. This achievement not only surpasses the fund's initial target of $1.25 billion but also marks a significant increase of 117% over the previous fund, Bonaccord Capital Partners I, which amassed $738.95 million in 2021.
Strengthening Market Presence
Luke Sarsfield, Chairman and CEO of P10, expressed that the closure of Bonaccord’s second fund is a pivotal advancement in their strategic plan, showcasing the robust demand for middle and lower middle-market focused investments. As Bonaccord continues on its trajectory, it emphasizes its dedication to providing innovative value creation strategies that meet its partner sponsors' needs, while simultaneously offering investors unique access to General Partner stakes.
Investment Strategy and Commitments
With a commitment of $2.6 billion across 15 investments, Bonaccord comprises approximately $1 billion in strategic co-investments. As of now, Bonaccord Capital Partners II is about 60% invested, having completed eight transactions with firms such as Park Square Capital, Trivest Partners, and Shamrock Capital. The firm is also actively enhancing its team and resource capacity, geared towards supporting this larger fund and future initiatives.
Acknowledgment of Partners
Ajay Chitkara, Managing Partner at Bonaccord, stated that the closing of this fund serves as a testament to the high caliber of their partner sponsors. He expressed gratitude towards their investors for their trust and confidence in Bonaccord's strategic vision, emphasizing an ongoing commitment to achieve success for all stakeholders involved.
About P10 and Bonaccord Capital Partners
P10 is recognized as a prominent multi-asset class private markets solutions provider within the alternative asset management sector. The firm aims to deliver customized investment solutions that meet the diverse needs of its investors. Currently, P10 boasts a vast global investor network that consists of over 3,800 investors across more than 60 countries and includes prestigious institutions such as pension funds, endowments, and foundations.
Bonaccord's Mission
Bonaccord Capital Partners focuses extensively on mid-market private equity, private credit, and real estate investments. Their mission revolves around delivering growth capital and strategic backing to outstanding private market sponsors. By harnessing strategic connections and their institutional capabilities, Bonaccord aspires to spearhead transformative projects that enable their partners to thrive and establish lasting enterprises.
Frequently Asked Questions
What is Bonaccord Capital Partners II?
Bonaccord Capital Partners II is the second fund launched by P10 that focuses on providing growth capital and support to mid-market private market sponsors, achieving $1.6 billion in commitments.
How much did Bonaccord Capital Partners I raise?
Bonaccord Capital Partners I closed with a total of $738.95 million in commitments in 2021.
Who is the CEO of P10?
Luke Sarsfield is the Chairman and Chief Executive Officer of P10.
How many investments has Bonaccord made?
Bonaccord has made 15 investments totaling $2.6 billion, including about $1 billion in co-investments across its funds.
What sectors does Bonaccord invest in?
Bonaccord primarily invests in mid-market private equity, private credit, and real estate, focused on delivering strategic support and capital for its partners.
