BC Partners has secured $2.5bn at the first close of its new flagship fund, Fund XII, targeting a total of €5bn. The firm is deploying capital immediately, having completed its first investment in Italian logistics platform Fortidia acquired from the Fiorelli family and Oaktree Capital Management. This fundraising reflects a broader shift in investor allocations toward Europe, as some limited partners reduce exposure to volatile US markets. Fund XII aims to capitalize on European opportunities while leveraging BC Partners' proven track record of generating approximately €18bn in equity value for investors since 2023.

The final size and timing remain subject to market conditions and investor demand.