NEW YORK – October 20, 2022 – Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, announced today it has held the final closing for Bregal Sagemount Fund IV (“Fund IV” or the “Fund”) at the hard cap of $2.5 billion, 66% larger than its prior fund.
Fund IV will continue the investment strategy Sagemount has pursued since inception in 2012, providing flexible, solution-oriented capital to durable growth businesses with high recurring revenues, operating in end-markets with uncorrelated secular growth characteristics.
“We are extremely grateful and humbled by the continued confidence and support from our existing investors and are excited to welcome a select number of new thought-leading institutional investors to the Sagemount family,” said Gene Yoon, Founder and Managing Partner of Bregal Sagemount. “Despite macro headwinds, this support showcases the confidence our investor group has expressed in Sagemount’s ability to partner with market leading entrepreneurs to generate attractive investments across market cycles.”
Sagemount launched the Fund IV raise earlier this year and was fully allocated over the summer. The Fund had a 100% Limited Partner participation rate and a 130% re-up rate by dollar value. Similar to prior fundraises, Sagemount spent time identifying and working with a targeted group of new investors with which to build a long-term partnership. The Fund IV investor base is comprised of institutional investors with long-term commitments to private equity, including leading endowments, pension funds, large family office investors, and key consultant relationships.
“In a tight fundraising market where the term ’flat is the new up’ best describes high conviction re-ups, we benefitted from substantial existing investor loyalty and new investor interest,” added Shea Goggin, Head of Capital Formation at Sagemount. “We haven’t lost an investor since inception and have never taken that vote of confidence for granted.”
Goodwin served as legal advisor to Bregal Sagemount.
Bregal Sagemount is a leading growth-focused private capital firm with more than $5.5 billion of capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 60 companies in a variety of sectors including software, financial technology & specialty finance, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Dallas, and Palo Alto. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.