– BV Investment Partners (BV) completed fundraising for BVIP Fund XII at its hard cap of $2.465 billion, exceeding the initial $2.0 billion target
– Fund XII focuses on tech-enabled business services and solutions
– The fund held its first and final close yesterday after launching in Fall 2025
– The rapid raise and strong re-up rate highlight BV’s disciplined and focused investment strategy
– Fund XII will continue investing alongside founders, management teams, and families to drive growth through technology and operational improvements
– BV has executed multiple transformative platform investments and delivered substantial realizations in recent years
– BV Fund XI (2022 vintage) closed at its $1.75 billion hard cap, exceeding its $1.5 billion target, and is fully committed
– The BV team is led by 10 Partners, including recently promoted Samuel Axelrod. Sam Axelrod joined BV in 2019 and contributed to several successful exits and the firm’s MSP strategy
– CEO Vikrant Raina thanked investors and portfolio stakeholders for supporting realizations that enabled the fundraising
– BV sees strong opportunities to leverage new technologies and has an active investment pipeline
– The firm expects to announce Fund XII’s first investments shortly
– Fund XII investors include global sovereign wealth funds, foundations, public and corporate pension plans, financial institutions, and family offices
– The investor base expanded geographically with limited partners from East Asia and Latin America
– New cornerstone investors joined from Europe and North America
– The General Partner committed approximately 4.7% of total fund commitments, making it one of the largest investors in Fund XII
– President and COO Maggie Carter emphasized BV’s consistency in strategy, team, and performance
– BV reaffirmed its commitment to operationally focused investing amid broader market strategy drift
– The firm plans continued investment in its team to support the larger fund size
