Simpson Thacher represented BC Partners Credit, the private credit arm of BC Partners, in the establishment and final close of its flagship Special Opportunities Fund (“SOF III” or the "Fund”), which secured $1.4 billion in investable capital and surpassed its original target. SOF III is approximately 20% larger than its predecessor fund, SOF II, and is BC Partners’ largest Special Opportunities Credit Fund to date.
The Fund will follow the same successful strategy as SOF II, seeking to deliver strong consistent all-weather returns, by providing capital solutions to entrepreneurs and sponsor-backed companies, asset-backed financing and liquidity solutions primarily across North America.
The Simpson Thacher team was led by Peter H. Gilman and Jessica O’Connell, and included Rushant Badani, Juhi Kaushik, Max Tawil, Ryan Brown, Thomas Cerja, Alice Ko, Matthew Nolan and Cara Capoccitti (Funds); Jonathan Goldstein, Brian Mendick, Michael Slomovics and Roberto Arza (Tax); Julia Kohen, Jessica Paletsky and Jacklyn Kornstein (Credit); and Jeanne Annarumma and Alexander Kharash (ERISA).