Press Release from Carey Olsen, Wednesday 26 March, 2025.
Carey Olsen has advised bd-capital, a pan-European operator-led investment firm, on the final closing of its second fund, bd-capital Fund 2 (“Fund 2”), at €430 million.
At its close Fund 2 surpassed its €350 million target by over 20% after less than 12 months in the market and has led bd-capital’s assets under management to increase to over €800 million.
A diverse array of institutional investors committed to Fund 2, 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.
The Carey Olsen Guernsey corporate team advising bd-capital comprised partner David Crosland, senior associate Oliver Orton, and associate Nicola D’Amico.
David Crosland said: “We are pleased to have supported bd-capital on the final close of its second fund and look forward to observing how the firm continues to expand with this increased interest from investors. Achieving such a positive result in a challenging fundraising market reflects the continued strength of their operator-led, multi-sector investment strategy and growing international reputation.”
bd-capital was also supported by exclusive placement agent Houlihan Lokey, legal counsel Weil, Gotshal & Manges LLP, and fund administrator Langham Hall.
The United Arab Emirates and Bahrain expect to be removed from the European Union’s tax-haven blacklist after taking steps to block tax avoidance by companies, the governments of the two countries
The anti-money-laundering unit (Mokas) has seized approximately €10 million, as well as nine luxury vehicles, four properties and cryptocurrencies assets over the past two years as part of investigations
In recent years, so-called golden-passport programs have come under increased scrutiny. But a handful of nations are hoping that they’ll be allowed to continue. For five Caribbean countries, citizenship
Brazil’s government will propose a 10% tax on corporate profits and dividends sent abroad to help offset revenue lost from an expanded tax exemption for individuals with lower incomes, two sources