Bregal Investments announced today that it has formed Bregal Sagemount I, L.P., a new private equity fund with $500 million in committed capital. Bregal Sagemount will be led by Gene Yoon, the former head of private equity for Goldman, Sachs’ Americas Special Situations Group and a Partner with Great Hill Partners.
Bregal Sagemount will invest from $15 million to $75 million in companies active in the business services, software and technology-enabled businesses, information and media, financial services and healthcare sectors. By co-investing with Bregal Investments, Bregal Sagemount can invest up to $150 million per transaction. The fund will take control and non-control positions, and will make equity and/or junior debt investments. Bregal Sagemount is based in New York, NY (www.bregalsagemount.com).
“We are pleased to back Gene and his team in forming Bregal Sagemount,” said Louis Brenninkmeijer, Co-Chairman of Bregal Investments. “Their strategy of providing flexible capital to defensible growth companies should continue to provide compelling risk-adjusted returns throughout market cycles. Backing another world-class manager with a differentiated approach is another logical step in expanding our global private equity platform. We are confident their experience and previous success will serve us and the companies they invest in well.”
Bregal Investments is the corporate investment business of Cofra Holding AG, a sixth-generation family holding company based in Switzerland. Cofra Holding’s other businesses include C&A, a clothing retail organization, and Redevco, a large real estate enterprise. Bregal invests directly in equity capital in public and private situations and in private equity funds. Bregal has invested over $9 billion since its inception. The firm was founded in 2002 and has offices in New York and London (www.bregal.com).
“Bregal represents the ideal partner for launching this new venture,” said Mr. Yoon, Managing Partner of Bregal Sagemount. “Their sizable commitment to our debut fund enables us to start at a meaningful scale. The structure also provides us a unique competitive advantage, allowing us to provide flexible capital to the marketplace of growth companies. We will treat these companies as personal clients, and we seek to meet their unique capital needs with highly creative solutions that position them for long-term value creation. I would like to thank our partners at Bregal Investments for their confidence and look forward to working with them to further expand their impressive private equity platform.”
