Toronto-based alternative asset manager Sagard Holdings Inc has held the final close of its second private debt fund with commitments of $1.17bn from institutional and strategic investors across the US, Canada and Europe, according to a report by Private Equity Insights.
The Sagard Credit Partners II, which will focused on investing in middle-market companies in the US and Canada owned by a family, entrepreneur or are publicly-listed and, is targeting an internal rate of return of between 10-12% without using leverage.
Re report cites Sagard Chief Investment Officer Adam Vigna has confirming that the fund has already deployed about 11% of the capital raised.
