BC Partners nears $1bn cap for second opportunistic credit fund

Fund II’s expected closing comes four years after BC Partners hired Apollo Global Management’s Ted Goldthorpe to create and lead a New York-based private debt strategy.

BC Partners is weeks away from wrapping up a second opportunistic credit offering that will hit, or come close to hitting, its $1 billion hard-cap, sources told affiliate title Buyouts.

BCP Special Opportunities Fund II, an all-weather, mid-market private debt investor, will hold a final close in mid-October, sources said.

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