Bregal Sagemount, a New York-based private equity firm, has closed its Bregal Sagemount Fund IV at its hard cap of $2.5 billion.
Fund IV will continue Sagemount’s strategy of providing service-oriented capital to businesses with high revenues, operating in end markets with uncorrelated secular growth characteristics. The fund had a 100 percent limited partner participation rate and a 130 percent re-up rate by dollar value. Similar to prior fundraises, Sagemount spent time identifying and working with a targeted group of new investors aiming to build long-term partnerships.
“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,” says 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.”
Goodwin served as legal advisor to Bregal Sagemount.