BV Investment Partners beats Fund VIII target on $487 mln

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BV Investment Partners has closed BV Investment Partners Fund VIII on $487 million above the fund’s $400 million target. BV is a lower middle-market private equity firm focused on the information and business services and communications sectors.

The firm has completed two investments in Fund VIII to date. The Efficient Collaborative Retail Marketing Company, a marketing services, software and data provider serving consumer product manufacturers and retailers, and INetU, a provider of complex managed hosting and cloud services to enterprise customers.

Investors in Fund VIII include both first time investors and returning investors from BV’s prior funds and comprise global institutional investors, public pension plans, fund of funds and major family offices.

Evercore Partners served as placement agent for BV and legal advice was provided by Ropes & Gray.

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