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Continued Legacy in North American Middle Market Investments
BV Investment Partners (BV), a renowned private equity firm with a focus on tech-enabled business services, software, and IT services sectors, proudly announced the successful completion of its fundraising for BV Investment Partners Fund XI. The fund reached its hard cap at a staggering $1.75 billion, surpassing its initial target of $1.5 billion.
Key Highlights:
- Strategy and Commitment: Staying true to its legacy, Fund XI will persist with BV’s tried-and-tested strategy of investing in collaboration with founders, management teams, and families to foster business growth. The fund has already committed to seven platform investments.
- Historical Performance: Since its inception in 1983, BV has generated an impressive total value of over $9.8 billion. The firm has invested in 117 platform companies across its 11 funds. Notably, BV raised $1.1 billion for Fund X in 2020.
- Leadership Insights: Vikrant Raina, the CEO and Managing Partner of BV, expressed gratitude towards both existing and new investors for their overwhelming support. He emphasized the firm’s commitment to harnessing its extensive industry experience to tap into promising tech-driven middle market opportunities. Raina also highlighted the promising start of Fund XI with seven exceptional platform investments and several more in the pipeline.
- Diverse Investor Base: Fund XI boasts a diverse range of investors, including global sovereign wealth funds, foundations, public and corporate pension plans, financial institutions, family offices, and individual investors. This also includes the management of portfolio companies.
- Reaffirming Trust: Maggie Carter, the President and COO, attributed the success of Fund XI’s capital raise to the firm’s consistent strategy, team, and performance. She noted that almost 75% of the capital raised for Fund XI came from existing relationships, showcasing the trust and confidence of their investors.
About BV Investment Partners:
BV Investment Partners stands as one of North America’s most seasoned sector-focused private equity firms. Since its foundation in 1983, the firm has invested roughly $4.8 billion, primarily targeting the tech-enabled business services, software, and IT services sectors. In 2022, Inc. magazine recognized BV in its list of Founder-Friendly Investors.
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