Bonaccord Capital Raises $1.6B at Final Close of Second GP Stakes Fund

Bonaccord Capital Partners announced on January 8 the final close of Bonaccord Capital Partners II, its second GP stakes fund, at the revised hard cap of $1.6B. 

The fund surpassed its initial target of $1.25B, as well as its predecessor fund, Bonaccord Capital Partners I, which raised $739M by the time it closed in 2021. It started sale on August 30, 2022, with marketing assistance outside the US from FirstPoint Equity Capital, Arngrimsson Advisors, Konomi, Icoon, Itinerant-GPS and Thrive Alternatives Capital Advisory.

Bonaccord Capital Partners II attracted commitments from a diverse group of LPs, including 66 investors from 14 countries in four continents. It will follow its manager's middle-market GP stakes strategy, which involves teaming up with private market sponsors on private equity, private credit, real estate and real assets. The fund is already 60% invested to date, making capital injections in Park Square Capital, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit and Lead Edge Capital. 

Bonaccord Capital Partners is a unit of New York-listed private markets solutions provider P10. The middle market-focused private equity business said the latest fundraise increased its AUM to $5B. To date, it has invested $2.6B in 15 transactions, including $1B of co-investment.