Blackstone mulls over BC Partners minority investment – report

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Private equity giant Blackstone is reportedly considering the acquisition of a minority stake in fellow buyout house BC Partners.

The two firms have entered early-stage discussions around a potential deal, people familiar with the matter told Bloomberg, but no deal has been reached as of yet.

BC may use the new investment to fund the development of its existing businesses and new strategies such as real estate and credit, the people added.

BC launched its real estate investment arm in May last year, after hiring former Alterea Cogerim CEO Stéphane Theuriau to lead the unit. The year prior, the firm launched its private credit strategy.

BC Partners was founded in 1986 and has been focused on raising and investing European buyout funds. The firm has more than €18bn of assets under management in equity and private credit and has completed around 104 private equity investments valued at €219bn in total.

The firm closed its tenth flagship private equity fund on €7bn at the beginning of this year, pulling in about €300m more than its predecessor vehicle.

Blackstone already holds stake in a number of other private equity players including New Mountain Capital, Leonard Green & Partners, Rockpoint Group, Kohlberg & Co and PAG.

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