Bernhard Capital Partners Management (BCP) has closed on $750 million for its first energy services fund, BCP Energy Services Fund, LP. The new fund will invest in North American services companies across the midstream, downstream, and power verticals.
BCP Energy Services Fund is the largest energy services focused fund ever raised. Investors include public and corporate pension funds, university endowments, family offices, strategic corporate investors, industry executives, and BCP professionals.
Atlantic-Pacific Capital served as the placement agent for BCP. “Atlantic-Pacific did an outstanding job introducing us to like-minded investors and managing an efficient fundraising process,” said Jim Bernhard, Founder and Partner of BCP.
BCP is an energy services-focused private equity firm established in 2013 by Mr. Bernhard and Jeff Jenkins. To date, BCP has made 14 acquisitions across its four established platforms. Three acquisitions were carve-outs from public companies. The firm is headquartered in Baton Rouge (www.bernhardcapital.com).
“It was a pleasure collaborating with the BCP team, and we are pleased that institutional investors recognized their differentiated business model within the energy complex,” said Mark Bourgeois, President and CEO at Atlantic-Pacific Capital. Working on the transaction with Mr. Bourgeois was partners Alex Leykikh and Josh Vogelhut.
Atlantic-Pacific Capital is one of the larger placement agents serving the alternative investment space. Since founding in 1995, the firm has had more than 90 capital raising assignments totaling more than $60 billion for private equity, real estate, real assets, natural resources and infrastructure fund placements. Atlantic-Pacific has eight offices located in New York, Greenwich, Chicago, San Francisco, Nashville, San Clemente, London, and Hong Kong (www.apcap.com).
© 2016 Private Equity Professional • 6-14-16