BDG & Partners today announced the closing of the firm’s first private equity investment fund, BDG Appalaches Fund I, with total equity commitments of $76 million.

Fund I’s capital was subscribed entirely by private investors. Investors include many successful entrepreneurs from Canada and Europe.

“We are incredibly appreciative and humbled by the support of such a world-class group of entrepreneurs who stepped forward as the investors in the BDG Appalaches Fund I,” said Christian Turgeon, Managing Partner of BDG & Partners.

BDG & Partners seeks to invest in middle market growth companies in partnership with talented management teams. Fund I’s portfolio is expected to consist of companies with acquisition values between $10 million and $100 million.