Blackstone Alternative Asset Management (BAAM) has acquired a passive, minority investment in BC Partners, which has more than €22 billion ($25 billion) of assets under management in private equity, private credit and real estate.
Specific terms of the transaction were not disclosed; however, The Wall Street Journal reported BAAM acquired a 10 percent to 15 percent stake for $560 million.
The investment was made by BAAM’s Strategic Capital Group, its team that specializes in minority partnerships with leading alternative asset managers.
Most recently, BC Partners launched a real estate business and established a private credit platform to expand on its private equity business.
