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BB Capital
BB Capital has deployed €500M+ for 400+ Dutch individuals via an evergreen fund-of-funds structure targeting private equity, credit and infrastructure.
BB Capital
Founded in late 2018 and headquartered in The Hague, BB Capital launched as one of the first Dutch manager-vehicles to give private investors access to private equity. It transformed a category long reserved for institutions and family offices by lowering the entry point to €250,000. The firm's founding insight was structural: wealthy individuals wanted exposure to top-quartile buyout, growth, and infrastructure funds but lacked the check size, due-diligence bandwidth, and GP relationships to access them directly. BB Capital built those relationships and now pools capital from more than 400 Dutch entrepreneurs, families, and professionals, collectively deploying more than €500 million. The platform spans three asset classes — private equity, private credit, and infrastructure — with infrastructure anchoring the firm's current fundraising and brand. BB Capital's infrastructure sleeves invest through global funds that hold essential physical assets: energy infrastructure, transport, telecommunications, water and waste, and social infrastructure such as hospitals and schools. The firm deliberately targets sectors with inflation-linked revenues, long-term contracts with investment-grade counterparties, and high barriers to entry. The stated net return objective is 10–12% annually, which the manager supports with an illustrative 2.8x multiple on a 10-year holding period for the infrastructure strategy. Geographic exposure is global, with an emphasis on developed markets in Europe and North America. The firm delivers exposure entirely through a fund-of-funds architecture; there is no evidence of direct co-investment or balance-sheet deals. Operating as BB Capital Fund Investments, the firm uses an evergreen structure with no fixed termination date. Investors can enter daily — capital is drawn immediately into an active portfolio, dividends distribute quarterly and can be reinvested, and there are no capital calls. Edward Schreuder serves as the head of investor relations and the public face of the firm for external inquiries. The senior advisory bench includes Han Dieperink, a veteran investment specialist who authors regular macro commentary for the firm's investor base, and Narina Mnatsakanian of Regeneration VC, who serves on the NextGen Advisory Board and contributes to the firm's impact-investing content. BB Capital's structural differentiator is the architecture of liquidity and access it grafts onto an inherently illiquid asset class. Where traditional infrastructure fund-of-funds lock up capital in a closed-end drawdown model, BB Capital's evergreen approach allows daily subscriptions, immediate deployment, and quarterly distributions — a packaging choice that converts a 10-year institutional product into a semi-liquid mandate suitable for private banking clients and independent wealth holders who cannot tolerate unpredictable capital calls. The model creates an unusual constituency among Dutch investors: individuals who behave like small institutions but require retail-style service and minimums.
General information
Firm type
Private Equity
Year founded
2018
AUM
€500 million (per BB Capital, 2024)
Location
Region
Europe
Country
Netherlands
City
The Hague
Corporate office
The Hague, Netherlands
Principals
Edward Schreuder
Head of Investor Relations
Sector focus
Frequently asked questions
Who runs investment decisions at BB Capital?
BB Capital has not publicly disclosed an investment committee roster or named a chief investment officer. The firm's outward-facing leadership is Edward Schreuder, the head of investor relations. Senior Advisor Han Dieperink and NextGen Advisory Board member Narina Mnatsakanian contribute thought leadership but do not appear to have formal investment authority. The lack of a named CIO is notable for a manager with €500 million in assets.
How does BB Capital source proprietary deal flow?
BB Capital operates as a fund-of-funds manager, not a direct investor, so its sourcing consists of selecting and accessing third-party private equity, private credit, and infrastructure funds. The firm's pitch emphasizes long-standing GP relationships and the ability to enter funds historically closed to individual investors. It does not claim to originate co-investment or direct deals alongside its fund commitments.
What investment stages does BB Capital typically target?
BB Capital does not segment by stage for its own direct investing because it rarely writes direct checks. Through its infrastructure fund-of-funds it gains exposure to brownfield and greenfield projects across energy, transport, telecom, water, and social infrastructure. In private equity, the firm's fund selection spans buyout and growth equity strategies, though it has disclosed no specific underlying fund names or stage parameters.
Does BB Capital participate in fund commitments or only direct deals?
BB Capital is exclusively a fund-of-funds manager. It commits to third-party private markets funds and pools its investors' capital into those funds via an evergreen vehicle. There is no public evidence that BB Capital has executed a direct co-investment, a club deal, or a balance-sheet investment alongside its fund commitments.
How is BB Capital structured differently from other Dutch fund-of-funds?
Standard private equity and infrastructure fund-of-funds use a closed-end drawdown structure: investors commit capital, receive capital calls over three to five years, and get distributions only when underlying assets exit. BB Capital instead uses an evergreen structure that admits investors daily, deploys capital immediately into an active portfolio, and pays quarterly dividends. This converts an illiquid asset class into a vehicle that behaves more like a liquid mutual fund — a structural choice that attracted over 400 individual investors in a market that previously required institutional-scale commitments.
Which sectors does BB Capital explicitly avoid?
BB Capital does not publish a formal exclusion list. The website emphasizes positive-sector investing in infrastructure with clear public utility characteristics — energy, transport, telecom, water, waste, hospitals, schools — and impact investing in its private equity allocation. There is no mention of oil and gas exploration, defense, gambling, or other sectors that often appear on exclusion lists; however, the firm has not publicly confirmed any binding negative screens.
Where does the underlying capital come from?
BB Capital's investor base of more than 400 individuals comprises Dutch entrepreneurs, families, and professionals. The firm does not disclose any institutional limited partners, sovereign wealth funds, or pension fund commitments. The capital therefore appears to originate entirely from personal wealth — business founders, family offices, and high-net-worth individuals — rather than from public or institutional mandates.
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