NEW YORK –September 4, 2024 – Bregal Sagemount (“Sagemount”), a leading growth-focused private capital firm, announced today it has held the final close for Bregal Sagemount Credit Solutions LP and Bregal Sagemount Credit Solutions-0 LP (together, “Credit Solutions” or the “Fund”). The Fund closed on nearly $800 million of equity capital commitments that will be allocated across an opportunistic credit series and a direct lending series. 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. 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. 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 grateful to both our existing and new investor partners for the vote of confidence in Sagemount’s track record of originating unique investment opportunities across market cycles.”
Similar to prior fundraises, Sagemount worked with a targeted group of sophisticated investors who had capacity in their private asset allocations and mandates to add differentiated exposure. The Credit Solutions investor base is anchored by leading pension fund investors with long-term commitments to private credit.
“High-quality companies increasingly need flexible private capital solutions to help them achieve their growth potential,” added Scott Simpson, Partner and Head of Credit of Bregal Sagemount. “With the addition of our levered direct lending series, we now have the ability to provide the entire capital stack of solutions to founder-owned and sponsor-backed companies.”
Goodwin served as legal advisor to Sagemount.
About Sagemount
Bregal Sagemount is a leading growth-focused private capital firm with more than $7.5 billion of cumulative capital raised. 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 75 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.
