Bregal Sagemount closes Fund III at USD1.5bn

Bregal Sagemount, a growth-focused private equity firm, has completed the final closing for Bregal Sagemount Fund III (Fund III) at the Fund’s hard cap of USD1.5 billion, exceeding its USD1.35 billion target.

Fund III will continue the investment strategy Bregal Sagemount has pursued since its inception in 2012 and focus on providing flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations.

Gene Yoon, Founder and Managing Partner of Bregal Sagemount, says: “We are grateful for the support and trust from our existing investors and are pleased to welcome a select number of new top-tier institutions to the Sagemount partnership. We believe this group of limited partners is expressing confidence in Sagemount’s differentiated approach to sourcing, disciplined investing strategy and significant value creation at our portfolio companies.”

Fund III is comprised of institutional investors with a long-term commitment to private equity, including endowments, pension funds, insurance companies, and principal advisory firms.

Bregal Sagemount retained Houlihan Lokey Capital, Inc as the exclusive placement agent to the Fund and was represented by Goodwin Procter LLP.