Bregal Sagemount Closes Fund II
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Bregal Sagemount Closes Fund II

Bregal Sagemount has held a first and final close of Bregal Sagemount II, LP, at the fund’s hard cap with total commitments of $960 million. The new fund was oversubscribed and exceeded the original $800 million target.

Bregal Sagemount is part of Bregal Investments, the corporate investment business of Cofra Holding AG, a sixth-generation family holding company based in Switzerland. Bregal made the largest capital commitment to Fund II.  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 $12 billion since its inception. The firm was founded in 2002 and has offices in New York and London (www.bregal.com). Fund II is the first fund from Bregal to seek multiple outside investors, a process that Bregal will continue to execute for future funds. Investment vehicles associated with the firm were the sole investors in Bregal Sagemount’s first fund which closed in June 2012 with $500 million of commitments.

We are very pleased with the significant level of interest in our second fund
and we’re eager to put this capital to work.

Bregal Sagemount, founded by Gene Yoon in partnership with Bregal Investments in March 2012, makes both equity and junior debt investments. Prior to launching Bregal Sagemount, Mr. Yoon was the Head of Private Equity for Goldman Sachs’ Special Situations Group.

“We are very pleased with the significant level of interest in our second fund and we’re eager to put this capital to work investing in market-leading companies in high-growth sectors,” said Mr. Yoon. “This fundraise underscores the success Bregal Sagemount has realized in its short history, which is a credit to our entire team of experienced and hard-working professionals. We thank our existing and new investors for their support and commitment to Bregal Sagemount, and we will continue to strive to deliver them strong risk-adjusted returns.”

Bregal Sagemount makes control and non-control investments of $25 million to $150 million in companies active in the following sectors: software, digital infrastructure, healthcare IT and services, business and consumer services, financial technology and specialty finance. Bregal Sagemount is based in New York (www.bregalsagemount.com).

“Under the leadership of Gene and his senior team, Bregal Sagemount has executed on its strategy and grown to become one of the premier providers of private capital for growth companies,” said Quentin Van Doosselaere, Co-Chief Executive Officer of Bregal Investments. “We are very proud of their progress and are confident they will continue to build upon their consistently strong track record. Importantly, opening this fund to outside investors is a pivotal step in the evolution of Bregal Investments as a whole as we intend to enlarge the size and depth of our limited partner base for our other fund vehicles as well.”

MVision Private Equity Advisers (www.mvision.com) was the fundraising adviser to Bregal Sagemount.

© 2017 Private Equity Professional | February 9, 2017

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