Francesco Loredan has decided to stay on as co-chairman of BC Partners despite last year indicating that he planned to quit the UK buyout firm once the firm's next fund had been raised. The surprising change of heart looks set to aid the firm’s imminent fundraising push.

Loredan decided last year that he was to step down from his role once the European buyout firm's upcoming fund had been raised. His co-chair Raymond Svider was to then become sole chairman. The firm's investors had ratified Loredan's decision in a vote just two months after the duo had been named as co-chairmen following the retirement of Jens Reidel.