Houlihan Lokey Advises bd-capital for €430 Million Fund 2

Houlihan Lokey is pleased to announce the final closing of bd-capital Fund 2 (Fund 2) at €430 million, the second fund of bd-capital, the pan-European operator-led investment firm.

After just 12 months in the market, Fund 2 closed 20% over its target of €350 million, increasing bd-capital’s assets under management to over €800 million. Commitments to Fund 2 were secured from a diverse cohort of institutional investors, including insurance companies, pension funds, sovereign wealth funds, and family offices. In addition to Europe and the Middle East, a significant proportion of capital came from North American investors.

bd-capital’s Managing Partners, Andy Dawson and Richard Baker said: “We are incredibly grateful for the continued support we have received from our existing limited partners and are delighted to have welcomed such a fantastic group of new investors into Fund 2. To have exceeded our fundraising target in a relatively short time frame is a validation of our distinctive, operator-led, pan-European multi-sector specialist strategy. The firm continues to expand and with this new fund, we are well positioned to capitalise on the exciting opportunities in our target subsectors as we move onwards.”

bd-capital brings a highly differentiated investment approach to the European middle market, utilising an operator-led strategy in which its team of private equity investors and experienced business leaders work together in full partnership across all aspects of sourcing, diligence, execution, and value creation.

Houlihan Lokey served as the exclusive global placement agent to bd-capital.

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