Author: BPEA

BPEA Closes Oversubscribed BPEA V at $218 Million

BPEA V Continues BPEA’s Successful Small Buyout and Growth Equity Investment Practice

BOSTON, December 15, 2020

BPEA, the Boston-based private equity firm established in 2002, announced today the final close of BPEA V (the “Fund”) on $218 million in commitments, exceeding its $200 million target. The Fund received considerable support from existing and new investors, which include pension funds, foundations, endowments, and single and multi-family offices.

BPEA V will invest in small buyout and growth equity opportunities in the US across four industries: business services & software, healthcare, consumer & retail, and industrial.  BPEA V will pursue investments in funds and in companies alongside both funded and independent sponsors, and will seek to add value to its investments to help drive growth, operational improvements, and long-term capital appreciation.

John Brooke, BPEA Co-Founder and Managing Director, said, “We greatly appreciate the support we received from our long-time existing investors and welcome our new investors and their advisors to BPEA V. Our strategy continues to resonate with limited partners and investment consulting firms looking for access to opportunities at the small end of the private equity market that can drive strong financial returns with lower volatility.”

Chris Austen, Managing Director, added, “BPEA V will pursue our small market strategy of investing in US-based companies generally with EBITDA below $10 million and enterprise values below $100 million.  We look forward to continuing many of the fund relationships we’ve established over time and adding new managers who focus on this part of the market.”

The close of BPEA V follows the closing earlier this year of BPEA Strategic Healthcare, a dedicated healthcare fund.  In July, BPEA closed on $352 million in commitments to BPEA Strategic Healthcare, whose primary investors include 16 organized labor groups (Taft-Hartley Investors).  BPEA Strategic Healthcare invests in private healthcare companies, both directly and through specialist healthcare private equity firms, and targets investments in companies that are focused on addressing critical healthcare needs and improving access to cost-effective, high quality healthcare.

Important Notice

This press release is not an offer or solicitation of an offer, or an invitation or inducement, to invest in any BPEA fund. No person may invest in any BPEA fund except in accordance with and subject to the terms of the applicable fund documentation and applicable law.

About BPEA

Established in 2002, BPEA is a Boston-based private equity firm focused on small and lower middle market buyout and growth investing, and customized investment solutions to meet investors’ private equity goals. BPEA offers dedicated small market buyout and growth investment programs as well as focused healthcare-
only programs. BPEA builds diversified and balanced private equity programs that invest in fund managers and directly in companies. Since inception, BPEA has made buyout and growth investments in over 90 funds and 135 companies. For more information, please visit www.bpea-pe.com.

 

Media contact:
Steve Byers
(617) 227-3160

 

SOURCE BPEA

Related Links
www.bpea-pe.com

BPEA Closes BPEA Strategic Healthcare Fund at $352 Million with 16 Taft-Hartley Investors

Innovative Investment Fund Will Target Companies Addressing Critical Healthcare Challenges

BOSTON, December 10, 2020

BPEA, the Boston-based private equity firm established in 2002, announced today the final close of its BPEA Strategic Healthcare fund (“BPEA SHC” or the “Fund”). The Fund raised $352 million in commitments from 16 organized labor groups (“Taft-Hartley Investors”) and other institutional investors, and will invest in private healthcare companies, both directly and through specialist healthcare private equity firms. BPEA SHC is BPEA’s fourth dedicated healthcare fund and tenth fund across the organization.

BPEA SHC will target investments in healthcare companies that are focused on addressing critical healthcare needs and improving access to cost-effective, high quality healthcare. The Fund’s large Taft- Hartley Investor base has the potential to add strategic value for companies that can provide services to Taft-Hartley healthcare plans or directly to the members of Taft-Hartley plans. BPEA SHC’s Taft-Hartley Investors include the UFCW & Employers Trust, LLC in Northern California, a Taft-Hartley fund with 130,000 health plan participants and an anchor investor in the Fund. Collectively BPEA’s Taft-Hartley Investors represent over 400,000 insured individuals and $1.7B in annual healthcare spend, which can significantly expand business opportunities for those companies that are able to provide cost-effective, high quality healthcare.

“Taft-Hartley plans are a major payor in the US healthcare industry, funding healthcare benefits for over 14 million individuals nationwide. BPEA is excited to have the support of the Taft-Hartley community on this innovative strategy to provide capital to companies that have the potential to achieve strong financial returns for our limited partners by addressing pressing healthcare concerns,” said Chris Austen, Managing Director at BPEA.

“The purchasing power of our Taft-Hartley Investors and their dedication to the well-being of their members will help us identify and support companies that can reduce costs and improve access to high quality healthcare,” added Marcin Szajda, Director at BPEA. “Our Taft-Hartley Investors will benefit from the financial success of the Fund’s investments while also improving the quality of healthcare services provided to their members.”

BPEA SHC will invest in healthcare services and healthcare information technology companies, including value-oriented primary and specialty care providers and solutions to lower healthcare costs for working families while expanding access to high-quality care. The Fund will invest both directly in US healthcare companies and in growth equity and buyout private equity funds that focus on healthcare.

Important Notice

This press release is not an offer or solicitation of an offer, or an invitation or inducement, to invest in any BPEA fund. No person may invest in any BPEA fund except in accordance with and subject to the terms of the applicable fund documentation and applicable law.

About BPEA

Established in 2002, BPEA is a Boston-based private equity firm focused on small and lower middle market buyout and growth investing, and customized investment solutions to meet investors’ private equity goals. BPEA offers dedicated small market buyout and growth investment programs as well as focused healthcare-
only programs. BPEA builds diversified and balanced private equity programs that invest in fund managers and directly in companies. Since inception, BPEA has made buyout and growth investments in over 90 funds and 135 companies. For more information, please visit www.bpea-pe.com.

 

Media contact:
Steve Byers
(617) 227-3160

 

SOURCE BPEA

Related Links
www.bpea-pe.com