Bregal Sagemount, a growth-focused private capital firm, held the final close for Bregal Sagemount Credit Solutions and Bregal Sagemount Credit Solutions-0. 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, representing approximately $1 billion of deployable capital inclusive of leverage. To date, the fund has completed five investments across the opportunistic and direct lending series, targeting the firm’s key sub-sectors.
“The new fund further enhances our go-to-market strategy of providing a full suite of value-added capital solutions to the growth economy,” Gene Yoon, founder and managing partner of Bregal Sagemount, said. “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 investors. The credit solutions investor base is anchored by 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,” Scott Simpson, partner and head of credit of Bregal Sagemount, said. “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.
