Bregal Sagemount, a leading growth-focused private equity firm, announced today it has held the final closing for Bregal Sagemount Fund IV at the hard cap of $2.5bn, 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.
Bregal Sagemount, which you can meet at the Swiss Private Equity Conference in June 2023, 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.
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“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.”
“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.
Source: Business Wire
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