BC Partners Acquires Investcorp Credit Management BDC Inc

BC Partners agreed to purchase Investcorp Credit Management BDC Inc. from Investcorp. The buyout firm will execute the acquisition through its publicly traded fund, BCP Investment Corp.

The transaction values the business development company at a 10% discount to its net assets, while the BC Partners fund is valued at 100%. This deal takes place during a period of consolidation and turbulence within the 1.8 trillion dollar private credit market.