About This Fund
Bonaccord Capital Partners II (BCP II) is the second GP stakes fund raised by Bonaccord Capital Partners, a specialist alternatives firm focused on acquiring minority equity stakes in middle-market private markets managers. Launched in 2023 and reaching final close on January 8, 2025, BCP II secured $1.6 billion in total commitments—exceeding its revised hard cap and surpassing its initial target of $1.25 billion. The fund represents 117% growth over its predecessor, Bonaccord Capital Partners I, a 2021 vintage that closed with approximately $739 million. With BCP II's close, Bonaccord reached approximately $5.0 billion in total assets under management.
BCP II pursues Bonaccord's established middle-market GP stakes strategy, partnering with exceptional private markets sponsors across private equity, private credit, real estate, and real assets. By acquiring non-controlling minority interests in these firms, BCP II provides manager-partners with permanent capital solutions, strategic support, and access to Bonaccord's global investor network. At the time of final close, BCP II was approximately 60% deployed across eight completed investments, including stakes in Park Square Capital, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit, and Lead Edge Capital. Cumulatively, Bonaccord has deployed more than $2.6 billion across 15 investments including co-investment capital.
BCP II attracted 66 institutional investors across four continents and 14 countries, with notable growth in commitments from the Middle East, Asia, Latin America, and the wealth and insurance segments. Bonaccord Capital Partners operates as an affiliate of P10, Inc. (NYSE: PX), a publicly listed multi-manager alternative asset platform. Legal counsel for the fundraise was provided by Fried, Frank, Harris, Shriver & Jacobson LLP.