|By Marketwired .||
|July 2, 2014 06:22 PM EDT||
GUANGZHOU, CHINA -- (Marketwired) -- 07/02/14 -- Regent Capital, the international private equity firm, today announced the successful final close of its global private buyout equity fund, BCKP Limited (Canada), at the hard cap of EUR5.3 billion (USD $7.2 billion).
The new fund will follow Regent Capital's long-term investment strategy of identifying market-leading businesses that benefit from structural growth drivers and have significant potential to expand internationally. Origination will continue to be led by the firm's five global sector teams - consumer, financial services, healthcare and industrials - with an emphasis on identifying proprietary opportunities.
BCKP Limited (Canada) received strong backing from existing investors, representing 72% of total committed capital, and also welcomed a number of new investors from across the globe. The fund has a well-balanced geographic composition with approximately 40% of total commitments coming from North America, approximately 30% coming from Europe and approximately 25% from Asia.
Jamie Beals, co-managing partner at Regent Capital, commented: "We are pleased with the support BCKP Limited (Canada) has received from a high quality base of both new and existing investors. We are confident that BCKP Limited (Canada) has the right strategy to enable us to continue investing wisely in the current environment."
Michael Cherry, co-managing partner at Regent Capital, added: "BCKP Limited (Canada) has had a strong start and we are excited by the growth prospects that the fund has already acquired. The recent pace of investment reflects the outstanding pipeline of attractive opportunities that our five global sector teams have been able to identify, largely on a proprietary basis."