Fund to Leverage Decades of Founders’ Experience in Acquiring, Operating and Growing Business to Create Sustainable Value in the Energy Services Sector
BATON ROUGE, La., June 7, 2016 /PRNewswire/ — Bernhard Capital Partners Management, LP (“BCP” or the “Firm”), an energy services focused private equity firm that seeks to create sustainable value by leveraging its founding partners’ decades of experience acquiring, operating and growing energy services businesses, today announced that it has closed its debut private equity fund, BCP Energy Services Fund, LP (the “Fund”). Launched in 2014, BCP has raised over $750 million in capital commitments to the Fund and managed co-investments from investors, including public and corporate pension funds, university endowments, family offices, strategic corporate investors, industry executives, as well as an investment by the BCP professionals.
BCP was founded in 2013 by James “Jim” Bernhard, the former Founder, Chairman and CEO of The Shaw Group Inc., Jeff Jenkins, the former COO of Shaw Environmental and Infrastructure, and other executives from Shaw and a team of experienced private equity professionals following the sale of The Shaw Group to Chicago Bridge & Iron Company in February 2013. The Firm focuses on the energy services verticals, including midstream, downstream and power, to meet the growing need for infrastructure in the North American oil and gas market. BCP seeks to invest in energy services companies by partnering with world-class management teams to build and grow successful businesses.
“We are pleased to have successfully closed our first private equity fund and greatly appreciate the confidence and overwhelming support of our investors,” said Jim Bernhard, Partner of BCP. “Our strategy is to invest in North American service companies across the midstream, downstream and power verticals, and we are well-positioned to capitalize on the many oil and gas investment opportunities we see on the horizon due to the abundance of oil and gas in North America that must be refined, transported and stored.”
Jeff Jenkins, Partner of BCP, added, “By combining the team’s operational expertise and deep industry knowledge, BCP can benefit from opportunities across the energy services spectrum and create significant value in our portfolio companies.”
The fund and its portfolio companies have made 14 proprietary acquisitions across its four established platforms, including three carve-outs from public companies. BCP has attracted world-class management teams and its portfolio companies now employ over 12,000 people. Atlantic‐Pacific Capital served as exclusive global placement agent and Kirkland & Ellis served as legal counsel for the Fund.
