BC Partners’ Nikos Stathopoulos advocat es patience; TSCP’s PestCo strikes again

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BC Partners’ Nikos Stathopoulos advocates patience; TSCP’s PestCo strikes again

Good morning, Hubsters. MK Flynn here.

I’m back after a long, restful weekend visiting friends and family in The Berkshires.

It’s a bustling morning jam packed with deal news and insights.

We’ve got an in-depth interview with BC Partners’ Nikos Stathopoulos about investing for the long haul.

Plus we take a look at a Partners Group carbon capture deal that blurs the lines between venture capital and growth equity and involves Amazon, Microsoft and Samsung.

And if you upgrade to the premium version of the Wire, you'll see coverage of a slew of announcements from late yesterday and early today. (As always, you can get ongoing coverage of deal announcements reported by Iris Dorbian and Irien Joseph throughout the day at PE Hub’s News in Brief.)

Disciplined investing

“Patience is a very big virtue,” said BC Partners’ Nikos Stathopoulos in an in-depth interview with PE Hub Europe’s Craig McGlashan.

You can read the interview by subscribing to the premium version of the Wire.

Carbon capture

Blue Earth Capital, the impact firm incubated by Partners Group, has made a carbon capture deal from its climate fund alongside Amazon, Microsoft and Samsung, reports New Private Markets’ Snehal Shah.

Read about the deal on the premium version of the Wire.

On that note, I’ll sign off for today. As always, I’d love to hear from you, Dear Reader. Please email me at mk.flynn@peimedia.com.

Tomorrow, Buyouts’ Chris Witkowsky will write the Wednesday Wire, as per usual. And I’ll be back on Thursday.

Until then, happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

Horsley Bridge Partners, a long-time venture fund of funds platform, is selling a portfolio of stakes in older funds that could total up to $1.5 billion, sources told Buyouts.
US-based investment consultant Verus has paused on recommending clients invest in core infrastructure funds amid concerns about the impacts of interest rates on valuations. (Infrastructure Investor)
Aware Super, one of Australia’s largest superannuation funds with approximately A$160 billion ($109 billion; €97 billion) in funds under management, has made its first data center investment. The fund has invested in Switch, a US-based data center platform that was acquired by DigitalBridge and IFM Investors in a December 2022 take-private deal for $11 billion. (Infrastructure Investor)
Bridges Fund Management has commenced fundraising for its sixth flagship impact fund, New Private Markets has learned. The firm will seek “over £500 million ($654 million; €583 million)”, but has not yet decided on a final target, according to a source familiar with the fundraise.
For Rick Magnuson, founder and executive managing director at GI Partners, the San Francisco-based private investment firm’s latest real estate deal is a sign of what is to come in the data center space. (Private Equity Real Estate)
Secondaries deal volume is down on figures reached across the same period last year, according to data from Evercore, which sees reason to be optimistic about increased activity in the second half. (Secondaries Investor)