Weil advised bd-capital, the pan-European, operator-led investment firm, on the final closing of its second fund, bd-capital Fund 2 (“Fund 2”), at €430 million. The fund closed more than 20% over its target of €350 million after less than twelve months in the market. With the closing of Fund 2, bd-capital’s assets under management have increased to over €800 million.

Commitments to Fund 2 were secured from a diverse cohort of institutional investors, including insurance companies, pension funds, sovereign wealth funds and family offices. In addition to Europe and the Middle East, a significant proportion of capital came from North American investors.

The Weil team was led by Private Funds partner James Bromley, and included counsel Alistair Green and associate Ornella Bergonzi; Funds Regulatory partner Marc Schubert and associate Kate Bystryk; Tax partner Aron Joy and counsel Daniella Abel.