Thompson Street raises $1.2bn for first continuation fund

Thompson Street Capital Partners (TSCP) in St. Louis closed its first continuation fund with capitalization from AlpInvest and a leading group of limited partners.

The Continuation Fund will purchase Revenue Management Solutions and BCM One Holdings for a combined enterprise value of $1.2 billion. The fund provides additional capital to drive organic growth initiatives and strategic acquisitions at both companies.

AlpInvest led the transaction with the support of a diverse group of investors including TSCP Fund IV and Fund V limited and general partners.

“Establishing our first continuation fund represents a significant . . .

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