New York, NY – July 18, 2024 – Bregal Sagemount (“Sagemount”), a leading growth-focused private equity firm, today announced the successful close of its inaugural small-cap fund, Bregal Sagemount Basecamp I (“Basecamp” or the “Fund”), at $500 million. The Fund closed at its target and hard cap, inclusive of strong support from existing Limited Partners, a handful of new institutional investors, and a significant GP commitment. The close of Basecamp marks a milestone for Sagemount, reflecting the firm's ongoing commitment to provide capital solutions to attractive growth businesses identified through its thematic sector-driven origination efforts, regardless of potential investment size.
The Basecamp strategy is a continuation of 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 new Fund will target equity investments between $20 and $75 million in market-leading middle-market growth companies.
Gene Yoon, Founder and Managing Partner of Bregal Sagemount, conveyed his gratitude for the new Fund, stating, "Being afforded the opportunity to raise this Fund efficiently is humbling and reflective of the loyal investor base we have been fortunate to retain since inception. We want to extend our thanks to many of our existing investors who enabled us to raise the Fund discreetly in current market conditions. This Fund will allow us to continue to serve bootstrapped founders looking for flexible, value-added capital."
Zuhair Khan and Jordan Walton, Co-Heads of Basecamp, added, "Basecamp enables Sagemount to continue investing in profitable, founder-led companies across investment sizes, where we will leverage the broad origination capabilities and value creation resources across the Sagemount platform to support the growth and aspirations of our future portfolio companies. Our seasoned team is committed to upholding the same disciplined underwriting framework refined since Sagemount’s launch in 2012. With our compounding sector and operational experience, we are dedicated to partnering with our portfolio companies to ensure their success in today’s dynamic and competitive business environment."
Goodwin served as legal advisor to Bregal Sagemount.
About Bregal Sagemount
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised since its inception in 2012. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.
