Ropes & Gray Advises BV Investment Partners on Fund X with Capital Commitments of $1.1 Billion
A Ropes & Gray team advised BV Investment Partners on its latest private equity fund, Fund X. Fund X announced on March 2 that it successfully completed its first and final close at its hard cap of $1.1 billion.
BV Investment Partners is a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors. The Fund had a $1 billion target and received limited partner commitments in excess of its $1.1 billion hard cap. Fund X's investor base includes mostly existing investors from a broad range of leading global foundations, public and corporate pension plans, financial institutions, family offices and individual investors, including management of past portfolio companies.
The Ropes & Gray team advising BV Investment Partners on Fund X was led by asset management partner Debra Lussier and included tax partner Amanda Holt, asset management associates Sean Foley, David Miller, and Stanford Law, and tax associates Kathryn Seevers and Michael Shulman.