Secretive investor brings in $6.3B for third PE fund
May 14, 2019
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BDT Capital Partners has raised $6.3 billion for its third flagship private equity fund, according to an SEC filing, surpassing a predecessor that raised roughly $6.2 billion in 2016. Founded in 2009 by former Goldman Sachs banker Byron Trott, BDT serves as a hybrid investment bank and private equity firm, offering financial guidance to high-net-worth individuals including Warren Buffett as well as raising funds to conduct deals of its own.
Despite managing more than $9 billion (plus another $4.6 billion in co-investments from its LPs), the Chicago-based firm is notoriously private. It has no public website, and Trott generally avoids media appearances. But BDT certainly participates in some high-profile deals.
The firm was part of a consortium led by JAB Holding that acquired Keurig Green Mountain for $13.9 billion in 2015. Last year, the same consortium backed the $18.7 billion merger of Keurig with Dr Pepper Snapple. And the firm invests on its own, too: In February, BDT agreed to purchase commercial finance company Commercial Credit from Lovell Minnick Partners.
Related read: Who's next? Predicting the future of $10B buyout funds
Despite managing more than $9 billion (plus another $4.6 billion in co-investments from its LPs), the Chicago-based firm is notoriously private. It has no public website, and Trott generally avoids media appearances. But BDT certainly participates in some high-profile deals.
The firm was part of a consortium led by JAB Holding that acquired Keurig Green Mountain for $13.9 billion in 2015. Last year, the same consortium backed the $18.7 billion merger of Keurig with Dr Pepper Snapple. And the firm invests on its own, too: In February, BDT agreed to purchase commercial finance company Commercial Credit from Lovell Minnick Partners.
Related read: Who's next? Predicting the future of $10B buyout funds
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