Thompson Street Capital Announces Closing of Tech-Focused Continuation Fund

St.Louis-based private equity firm Thompson Street Capital(TSCP) recently announced the closing of its first Continuation Fund, which was established to acquire managed services provider BCM One Holdings(BCM) and healthcare automation solution company Revenue Management Solutions (“RMS”).

The Continuation Fund was largely supported by Carlyle Global Investment Solutions subsidiary AlpInvest, as well as receiving additional financial support from outside investors. At its closing, the fund managed to raise roughly $1.2 billion to support the future business development of both BCM and RMS.

“Establishing our first continuation fund represents a significant event for Thompson Street Capital Partners,” said Bob Dunn, Managing Partner of TSCP. “BCM One and RMS are two of the best-performing portfolio companies in TSCP’s twenty-year history and we are excited to continue our partnership with both businesses through this vehicle.”

The functions of both BCM and RMS are becoming increasingly significant as companies across the globe continue to upgrade their technical infrastructure. RMS is a notable brand in the healthcare tech industry, providing automation solutions for over 1,000 healthcare providers, enabling them to quickly process payments and manage complex workflows. BCM is also growing in importance in the corporate landscape, as the company provides managed services for communications and networking infrastructure to support the increasingly remote/hybrid workforce.

“Our partnership with TSCP ensures we continue to deliver our customers the forward-thinking products and services they need to be successful,” Commented RMS CEO Scott Thomas. “The additional support from both existing and new investors allows us to retain our leadership position in a fast-paced, quickly changing environment through ongoing technological innovation and the ability to take advantage of opportunities for both organic and strategic growth.”

BCM CEO Geoff Bloss shared a similar opinion, stating, “The resources TSCP provides has allowed us to better assist our customers in managing complex, scalable technologies to meet their network needs while remaining focused on our own prospects for growth. We’re excited about their additional support and our ability to position ourselves for continued success moving forward as a leading managed service provider.”

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