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Laxman Pai, Opalesque Asia: New York-based private capital firm Bregal Sagemount has wrapped up fundraising for its fourth growth fund at the upper limit, giving the PE firm its largest-ever pool of capital to invest in technology and healthcare businesses.
The vehicle, Bregal Sagemount IV LP, closed at $2.5 billion, the firm which invests exclusively in growing companies said. The sum is 66% larger than a predecessor fund, which closed in 2020.
Fund IV will continue the investment strategy Sagemount has pursued since its 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.
Fund IV's 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.
"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," Gene added....................... To view our full article Click here
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