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Laxman Pai, Opalesque Asia: Bregal Sagemount, a growth-focused private capital firm, has raised almost $800m for its new fund targeting opportunistic credit and direct lending deals.
The New York-based buyout house said in a media release that the Fund - Bregal Sagemount Credit Solutions - will be allocated across an opportunistic credit series and a direct lending series, representing approximately $1.0 billion of deployable capital inclusive of leverage.
To date, the Fund has completed five investments across the Opportunistic and Direct Lending series, targeting the Firm's key sub-sectors.
"The Fund 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," the release said.
As a complementary extension of Sagemount's equity funds, Credit Solutions focuses on providing non-dilutive capital to market-leading companies in its target segments, it added. The Fund has a flexible mandate to invest in both senior secured and bespoke subordinated instruments to create attractive risk-adjusted returns.
"The new Fund further enhances our go-to-market strategy of providing a full suite of value-added capital solutions to the growth economy," said Gene Yoon, Founder and Managing Partner of Bregal Sagemount.
"With the current market environment, we are gra...................... To view our full article Click here
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