BV Investment Partners closes Fund XI with $1.75b; hits hard cap

BV Investment Partners has successfully closed its latest fund, BV Investment Partners Fund XI LP (Fund XI), with $1.75 billion in capital commitments. This exceeded the fund's initial target and the hard cap. The previous fund closed at $1.1 billion in February 2020.

Fund XI attracted a diverse group of investors, including sovereign wealth funds, foundations, public and corporate pension plans, financial institutions, family offices, and individual investors, including senior managers of portfolio companies.

BV Investment Partners, headquartered in Boston, specializes in investing between $65 million and $175 million in North American companies with EBITDA ranging from $5 million to $30 million. Their focus areas include tech-enabled business services, software, and IT services industries.

https://www.bvlp.com/