BC Partners Offers To Shave 5% Of Fees For New Fund

BC Partners is offering investors of a planned 6 billion Euro fund (US $7.7 billion) an early bird discount of 5% off its fees, the Financial Times said.

BC Partners, which is marketing for its ninth fund, sent out a placement memo to potential investors last week. The PE shop is also offering to reimburse all its transaction fees to investors, up from only 80 per cent in its previous fund.

According to information sent to potential investors, BC Partners’ most recent 5.8 billion Euro fund is more than 80 per cent invested with a portfolio that is valued at 50% above cost, well ahead of most peers, the FT said.