BC Partners Credit, the private credit arm of BC Partners, is set to raise approximately $1.4bn for its third Special Opportunities Fund (SOF III), making it the firm’s largest special opportunities fund to date, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that the fund is expected to exceed its initial fundraising target and could be as much as 20% larger than its predecessor. However, final details, including the fund size, are still being determined. BC Partners declined to comment.
BC Partners’s special opportunities strategy focuses on providing capital solutions to entrepreneurs and businesses, including asset-backed financing and liquidity solutions, primarily across North America. The firm has already executed several high-profile investments through this approach, including: a $400m investment in football helmet maker Riddell in 2023; an investment in GSE Worldwide, a sports talent management and marketing firm; and a strategic alliance with Piper Sandler Cos., aimed at providing financing solutions to banks and specialty finance companies.
In addition to SOF III, BC Partners is currently raising between €5bn ($5.2bn) and €6bn ($6.5bn) for its flagship private equity fund.
