Bonaccord Capital Partners (“Bonaccord”), a leading private equity firm specializing in growth capital for middle-market private markets sponsors, has announced the successful final close of its second GP Stakes fund, Bonaccord Capital Partners II (“BCP II”). The fund reached its hard cap, securing $1.6 billion in commitments, significantly exceeding its initial $1.25 billion target. This achievement marks a substantial 117% growth compared to its predecessor, Bonaccord Capital Partners I (“BCP I”), which closed at $738.95 million in 2021.
This successful fundraise underscores investor confidence in Bonaccord’s focused strategy of partnering with exceptional middle-market private markets sponsors. The firm’s commitment to this segment remains unwavering, even as fund size expands, demonstrating their expertise and disciplined approach within the competitive private equity landscape. With the close of BCP II, Bonaccord now manages approximately $5.0 billion in assets, solidifying its position as a significant player in the GP stakes market.
BCP II attracted strong support from existing investors, with BCP I Limited Partners increasing their commitments by an impressive 17%. The fund boasts a diverse investor base, encompassing 66 investors across 4 continents and 14 countries. Bonaccord has also expanded its investor reach into key growth regions, including the Middle East, Asia, and Latin America, and has seen increased participation from wealth and insurance segments.
Ajay Chitkara, Managing Partner at Bonaccord Capital Partners, stated, “The closing of Bonaccord Capital Partners II reflects the high quality of our partner sponsors. We appreciate the shared vision of long-term growth and partnership we have with them.” He further added, “We are grateful for the trust our investors have placed in our investment strategy and are dedicated to delivering continued success for all Bonaccord stakeholders.”
Bonaccord has a strong track record, having already deployed $2.6 billion across 15 investments, including $1.0 billion in co-investment. BCP II will continue Bonaccord’s successful strategy of investing in middle-market GP stakes. The firm partners with top-tier middle-market private markets sponsors across various sectors, including private equity, private credit, real estate, and real assets. Bonaccord’s mission is to provide these sponsors with the capital and strategic support necessary to achieve their full potential and build lasting institutions. BCP II is already approximately 60% invested, with 8 investments completed to date, including notable firms such as Park Square Capital, Trivest Partners, and Shamrock Capital.
Looking ahead, Bonaccord Capital Partners is committed to further strengthening its team and corporate infrastructure to support this larger fund and future growth initiatives. This proactive approach ensures they are well-positioned to continue delivering value to both their partner sponsors and investors.
[Fried, Frank, Harris, Shriver & Jacobson LLP] (https://www.friedfrank.com/) provided legal counsel for the fund.
About Bonaccord Capital Partners
Bonaccord Capital Partners (“Bonaccord”) is a private equity business focused on providing growth capital and strategic support to exceptional mid-market private markets sponsors across private equity, private credit, real estate and real assets. By leveraging its strategic relationships, institutional capabilities, and strategic development expertise, Bonaccord seeks to support transformative initiatives and portfolio objectives that help its partner sponsors reach their potential and establish enduring institutions. Bonaccord is part of [P10, Inc.] (https://p10alts.com/) (NYSE: PX), a leading multi-asset class private markets solutions provider in the alternative asset management industry. For more information, please visit Bonaccord Capital Partners website.
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