Bonaccord Capital Partners

What Bonaccord Capital Partners does

Bonaccord Capital Partners is a New York-based private equity firm founded in 2017 that pursues a GP stakes strategy, acquiring passive, non-control minority equity interests in leading mid-market private markets sponsors across private equity, private credit, and real estate/real assets. The firm is a wholly-owned subsidiary of Ridgepost Capital Inc. (formerly P10, Inc., NYSE: RPC), which provides distribution leverage through its $43B+ AUM platform and institutional investor relationships spanning 50+ countries. As of December 31, 2025, Bonaccord reported $6.8B in assets under management across 117 sponsor partners, with an aggregate portfolio AUM of $89.3B.

The firm operates through a series of dedicated GP stakes funds. Fund I (BCP I) closed at $738.95M in 2021 and Fund II (BCP II) closed at $1.6B in January 2025, representing 117% growth and exceeding its $1.25B target. Fund III (BCP III) has been filed with the SEC at a $1.6B target. Total invested capital stands at approximately $2.6B across 15 investments including $1.0B of co-investment. The portfolio spans North American, European, and Asian managers including Monroe Capital, MSouth Equity Partners, AE Industrial Partners, Park Square Capital, Penfund, Trivest Partners, Lead Edge Capital, Synova, VMG Partners, Kayne Anderson Private Credit, Revelstoke Capital Partners, Shamrock Capital, Spear Street Capital, Kingswood Capital Management, and Prime Finance.

Bonaccord generates revenue primarily through management fees on committed and invested fund capital, supplemented by carried interest from successful fund realizations. The firm distributes its funds directly to institutional investors globally (pension funds, endowments, foundations, sovereign wealth funds, insurance companies, and family offices) without intermediaries, supported by a dedicated investor relations function and capital formation leadership. A team of operating partners, including former senior executives from Abrdn, Morgan Stanley, and GoldenTree, provides strategic development support to portfolio sponsors across institutionalization, growth, succession, and diversification initiatives.

Name

Bonaccord Capital Partners

Legal name

Bonaccord Capital Advisors LLC

Website

https://bonaccordcapital.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Bonaccord Capital Partners is a New York-based private equity firm founded in 2017 that acquires passive minority equity stakes in leading mid-market private markets sponsors across private equity, private credit, and real assets, operating as a subsidiary of Ridgepost Capital (NYSE: RPC).

Ownership category

akta.pro rank

Product category

Private Equity - GP Stakes

NAICS

Other Financial Vehicles (525990), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investors, Nec (6799)

akta.pro primary industry

LP Secondaries — Venture Capital Funds (FSAHALAB)

Keywords

• GP stakes investing
• Minority equity investments
• Private equity funds
• Asset management
• Private markets sponsors

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Management Fees: Annual management fees charged on committed capital or assets under management of the GP stakes funds
2. Carried Interest: Performance-based carried interest from successful fund investments, providing alignment between Bonaccord and its investors

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Bonaccord Capital Partners is a private equity firm that invests in GP stakes — acquiring non-control minority equity interests in leading mid-market private markets sponsors across private equity, private credit, real estate, and real assets. The firm deploys dedicated GP stakes funds (BCP I, BCP II, and the filing-stage BCP III) to provide growth capital, balance sheet strengthening, succession support, and strategic development resources to portfolio companies. Bonaccord connects strategically-minded institutional investors to exceptional mid-market sponsors through these strategic equity partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Bonaccord Capital Partners I (BCP I)
• Bonaccord Capital Partners II (BCP II)
• Bonaccord Capital Partners III (BCP III)

Quantifiable outcome

• Fund II grew 117% compared to Fund I
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Asia HeritagecoreStrategic or Co-development Partner · 8 June 2023Strategic partnership with Asia Heritage, a Singapore-based asset manager, to support Bonaccord and its portfolio companies in capital formation initiatives in Asia. Chris Lerner serves as Operating Partner leading Asia activities.
• Oliver WriedtcoreOthers · 8 November 2022Oliver Wriedt joined as Operating Partner, bringing 30 years of experience in private markets across non-investment grade credit, structuring, portfolio management, and business development. He supports BCP and partner sponsors with strategic guidance and operational expertise.
• Peter McKellarcoreOthers · 3 November 2022Peter McKellar joined as Operating Partner. He is currently Deputy Chairman of AssetCo and non-executive Director at 3i Group. Formerly Chairman and Global Head of Private Markets at Abrdn, overseeing a £55bn AUM business.
• NovataminorStrategic or Co-development PartnerNovata provides ESG data collection and reporting services for Bonaccord's sponsor partners, supporting the firm's commitment to ESG integration and sustainability disclosures.
• UN Principles for Responsible InvestmentminorOthersBonaccord is a signatory of the UN Principles for Responsible Investment (PRI), demonstrating commitment to responsible investing principles.
• ILPA Diversity in ActionminorOthersBonaccord is a signatory of the ILPA Diversity in Action initiative, supporting diversity, equity, and inclusion in the private equity industry.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Coller Capital: Leading global secondaries firm focused on LP secondaries and GP-led continuation vehicles. Operates in the same alternatives ecosystem with overlapping LP relationships and complementary positioning to Bonaccord's GP stakes strategy.
• Wafra: New York-based investment firm with a Capital Constellation strategy focused on acquiring minority equity stakes in alternative asset managers globally. Direct competitor in the GP stakes space with longer track record.
• Petershill Partners: Goldman Sachs-affiliated public GP stakes firm managing $22B+ AUM across stakes in alternative asset managers. The most direct and largest publicly comparable GP stakes specialist, operating in the same space as Bonaccord but with broader, larger-cap focus.
• Stone Point Capital: Private equity firm exclusively focused on GP minority stake investments in financial services asset and wealth management firms. Direct strategic peer in the GP stakes space, although focused on financial services sponsors rather than broader PE/credit/RE.
• KKR GP Stakes Solutions: KKR's GP Stakes Solutions platform makes minority equity investments in alternative asset managers. Direct strategic peer operating at the largest end of the GP stakes market through KKR's broader alternatives platform.

Broad incumbents

• StepStone Group: Public global private markets solutions provider with $170B+ AUM, including GP stakes/strategic relationships and secondaries. Broader incumbent with similar institutional LP base and comparable strategic development activities.
• Ardian: Global private investment firm with $160B+ AUM spanning primaries, secondaries, co-investments, private credit, and direct funds. Adjacent incumbent with GP-led secondary activities that overlap with the broader GP stakes market.

Emerging players

• Lightyear Capital: Private equity firm focused on financial services companies, with activities including minority equity investments in asset managers. Comparable in financial services focus but smaller scale than Bonaccord.
• Whitehorse Liquidity Partners: Specializes in GP-led secondary transactions and structured solutions for alternative asset managers. Adjacent peer operating in related transaction types within the same broader secondaries/GP stakes ecosystem.
• Goldfinch Partners: Niche GP stakes and asset management investment firm. Emerging player with comparable middle-market focus but smaller scale and limited track record relative to Bonaccord.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bonaccord-capital-partners

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles39 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bonaccord Capital Partners