About This Fund
Bonaccord Capital Partners II (BCP II) is a $1.6 billion GP stakes fund managed by Bonaccord Capital Partners, a specialty investment firm focused on acquiring minority economic interests in private markets asset management companies. The fund reached its revised hard cap on January 8, 2025, surpassing its original $1.25 billion target and attracting 66 investors across four continents and 14 countries. BCP II is 117% larger than its predecessor, Bonaccord Capital Partners I, a 2021 vintage that closed at $738.95 million.
The fund continues Bonaccord's middle-market GP stakes strategy, partnering with private equity, private credit, real estate, and real assets managers to provide growth capital for operational scaling, succession planning, and business development. Bonaccord takes minority stakes without seeking board control, targeting founder-led and institutionally established managers seeking a strategic, long-term capital partner. The LP base includes wealth channels, insurance companies, and institutional investors, with meaningful growth in Middle East, Asia, and Latin America participation.
At final close, BCP II was approximately 60% invested across eight portfolio managers: Park Square Capital, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit, and Lead Edge Capital. Existing Fund I LPs increased aggregate commitments by 17% on average. With BCP II, Bonaccord manages approximately $5.0 billion in assets under management, cementing its position as a leading dedicated GP stakes platform in the private markets industry.