Bregal Sagemount (Sagemount), a growth-focused private equity firm, has held the final closing of the Bregal Sagemount Fund IV (Fund IV) at its 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.
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.
Goodwin served as legal advisor to Bregal Sagemount.
