Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has closed its first Continuation Fund capitalised by AlpInvest and a group of limited partners.
The Continuation Fund was established to acquire Revenue Management Solutions (RMS) and BCM One Holdings (BCM One). The transaction closed with a combined enterprise value of approximately USD1.2 billion and the Continuation Fund includes substantial additional capital to drive organic growth initiatives and strategic acquisitions at both companies.
The transaction was led by AlpInvest, a subsidiary of Carlyle Global Investment Solutions, and supported by a diverse group of high-quality investors, including both TSCP Fund IV and Fund V limited and general partners. The transaction includes significant equity contributions from the founders and management of both companies.
