DJIA52065.38 -315.28
S&P 5007603.30 -33.06
NASDAQ26116.64 -136.70
Russell 20002898.93 -22.30
German DAX25401.23 -175.22
FTSE 10010609.99 -60.07
CAC 408116.76 -39.91
EuroStoxx 506269.65 -42.10
Nikkei 22565270.95 128.17
Hang Seng24954.47 -320.49
Shanghai Comp3934.40 -17.11
KOSPI7033.92 -17.72
Bloomberg Comm IDX146.29 1.15
WTI Crude-fut102.15 4.30
Brent Crude-fut101.52 4.44
Natural Gas2.80 0.00
Gasoline-fut3.36 0.14
Gold-fut4409.00 -37.00
Silver-fut64.86 -3.06
Platinum-fut1809.70 -94.70
Palladium-fut1303.50 -66.50
Copper-fut6.54 -0.32
Aluminum-spot3195.00 0.00
Coffee-fut290.75 -0.40
Soybeans-fut1327.75 19.00
Wheat-fut734.25 5.50
Bitcoin76898.84 -1098.68
Ethereum USD2438.45 -14.51
Litecoin51.96 -0.94
Dogecoin0.08 -0.01
EUR/USD1.1624 0.0003
USD/JPY153.52 -0.56
GBP/USD1.3535 -0.0001
USD/CHF0.8106 0.0009
USD IDX98.91 0.16
US 10-Yr TR4.926 0.086
GER 10-Yr TR3.506 0.0097
UK 10-Yr TR5.3854 0.0076
JAP 10-Yr TR2.91 0
Fed Funds3.75 0
SOFR3.64 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Equity  |  April 17, 2023
Apollo, Blackstone Back $425M BPOC Healthcare Continuation Fund
Joe Palmisano
By: Joe Palmisano

Apollo, Blackstone Back $425M BPOC Healthcare Continuation Fund

BPOC, a Chicago-based healthcare private equity investor, has closed its first continuation fund, a $425 million transaction co-led by investment funds affiliated with Apollo S3, Blackstone Strategic Partners and Five Arrows.

The continuation fund consists of five healthcare services companies previously held by Beecken Petty O’Keefe & Co. Fund IV LP and Beecken Petty O’Keefe & Co. Fund IV-A LP, 2013 vintage funds with $503 million in total capital commitments.

The fund looks to provide more time and additional capital to assist each portfolio company. JP Morgan, Newbury Partners, Committed Advisors and Kline Hill Partners also invested in the continuation vehicle.

“We are grateful for the support of our new investors and believe this new vehicle will enable us to continue to create value at certain Fund IV companies, while providing liquidity options for our existing Fund IV investors,” comments Gregory Moerschel, managing partner of BPOC.

The company, which was founded in 1996, has completed more than 60 platform investments and raised six funds with over $2.2 billion in total capital commitments.

Asante Capital Group Advisors LLC acted as advisor to BPOC on the transaction.

Connect

Inside The Story

BPOC

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints