Bernhard Capital Partners raises over $750 million and closes its inaugural energy services fund
Bernhard Capital Partners Management (BCP) has closed BCP Energy Services Fund, LP, a private equity fund investing in North American services companies across the midstream, downstream, and power verticals.
BCP raised over US$750 million from a diverse group of investors, including public and corporate pension funds, university endowments, family offices, strategic corporate investors, industry executives, as well as a significant investment by the BCP professionals.
Atlantic-Pacific Capital, a privately-owned global placement agent and advisory firm dedicated to raising capital for alternative investments has support BCP during the process.
Mark Bourgeois, President and CEO at Atlantic-Pacific Capital, said,
“It was a pleasure collaborating with the BCP team, and we are pleased that institutional investors recognized their differentiated business model within the energy complex.” Josh Vogelhut, Partner at Atlantic-Pacific Capital, added, “BCP’s deep industry relationships and in-house operational skill-set has allowed the team to rapidly execute on their vision of building leading middle market energy services companies away from the crowded and volatile upstream oil and gas sector.”
Jim Bernhard, Founder and Partner of BCP, commented:
“We are honored by the support of our investors and look forward to prudently deploying their capital. Atlantic-Pacific did an outstanding job introducing us to like-minded investors and managing an efficient fundraising process.”
To date, BCP has made 14 proprietary acquisitions across its four established platforms. Three acquisitions were carve-outs from public companies. BCP has attracted world-class management teams and its portfolio companies now employ over 12,000 people.
Alex Leykikh, Partner at Atlantic-Pacific Capital, added:
“BCP Energy Services Fund is the largest energy services focused fund ever raised and the largest U.S. based first-time energy fund raised in the last five years.”
