Private Equity Deals & Transactions

Graphite builds up position in BC Europe IX

The London-listed investment trust has acquired a stake in the fund from Columbia University

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The Graphite Enterprise Trust has built up its position in BC European Capital IX, buying a stake in the fund from Columbia University, sister title Secondaries Investor has learned.

Columbia’s interest in Fund IX was transferred to the Graphite Enterprise Trust, a London-listed fund of funds and existing Fund IX investor, run by Graphite Capital.

“We were pleased to increase our exposure to the fund’s developing portfolio, and this continues our strategy of looking to form long-term relationships with high quality European buyout managers,” Graphite Capital finance director Tim Spence told sister title Secondaries Investor.

BC European Capital IX launched in 2010 and closed on €6.68 billion, above its €6.5 billion hard-cap, in 2012. Other limited partners include the Canada Pension Plan Investment Board and the Florida State Board of Administration. Pension funds make up 37 percent of the fund’s LP base, according to a statement.

Click here to read the full story on our sister site Secondaries Investor