CAREY OLSEN: Carey Olsen advises bd-capital on close of second fund at €430 million

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.

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