Private equity firm BC Partners introduces a fresh private credit investment fund

BC Partners and Great Lakes Launch Successful Private Credit Fund, Great Lakes III

BC Partners, a leading international investment firm, has announced the launch of a new private credit fund, Great Lakes III. The fund is a result of a long-standing partnership between BC Partners and Great Lakes, which began in 2018.

The partnership, focused on providing flexible, scalable unitranche financing solutions, has been a success in the $1.7tn private credit industry. Great Lakes, a top originator of first-lien loans in the middle market, has played a significant role in this success.

Ted Goldthorpe, head of credit at BC Partners, expressed gratitude for the continued partnership of investors. He highlighted the disciplined investment approach of the team and the seamless transition between funds, as stated by Ted Goldthorpe, underscoring the team's market expertise.

More than 75% of the investors in the predecessor fund, BCP Great Lakes II, have rolled their commitments over to Great Lakes III. This overwhelming support for the new fund is a testament to the confidence investors have in the partnership.

The new fund, Great Lakes III, is a successor to BCP Great Lakes II. These solutions are tailored to middle-market companies, offering them the financial support they need to grow and thrive.

The performance of the overall program, as mentioned by Ted Goldthorpe, underscores the team's market expertise and their ability to deliver results. The partnership between BC Partners and Great Lakes, which began in 2018, has proven to be a successful one, and the launch of Great Lakes III marks the continuation of this success.

No new facts about the capital commitments were mentioned in the provided information. Additionally, no new facts about the private credit market or the real estate debt strategy were discussed in the announcement. However, the success of Great Lakes III suggests that the private credit industry continues to be a promising area for investment.

In conclusion, the launch of Great Lakes III is a significant milestone for BC Partners and Great Lakes. The partnership's focus on providing flexible, scalable unitranche financing solutions to middle-market companies has proven to be successful, and the overwhelming support from investors indicates a bright future for the new fund.