Daily News: June 7, 2012

Bregal Sagemount Forms Bregal Sagemount I With $500MM of Capital


In its continued commitment to building out its direct investment platforms, Bregal Investments announced that it has formed Bregal Sagemount I, L.P., a private equity fund capitalized with $500 million in committed capital. Bregal Sagemount will be led by Gene Yoon, formerly of Goldman, Sachs &Co., and will focus on growth-oriented investments in both control and non-control situations. Previously, Yoon was the head of private equity for Goldman’s Americas Special Situations Group and a partner with Great Hill Partners,.

Bregal Sagemount is focused on investing $15 million to $75 million in companies, and in partnership with Bregal Investments, can invest up to $150 million. Target investments will be in growth sectors, including business services, software and technology-enabled businesses, information and media, financial services and healthcare. The fund will take control and non-control positions, and will make equity and/or junior debt investments.

“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 represents the ideal partner for launching this new venture,” said Gene Yoon, managing partner of Bregal Sagemount. “Their sizable commitment to our debut fund enables us to start at 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.”

Bregal Sagemount I is a growth-focused private equity fund with $500 million in committed capital. Bregal Sagemount makes investments of $15 million to $150 million in market leaders in high-growth segments.