Bregal Sagemount Explained

Bregal Sagemount
Type:Private
Founders:Gene Yoon, Daniel Kim, Phil Yates, Adam Fuller, Michael Kosty
Foundation:2012
Location:200 Park Avenue
New York, NY, U.S
Assets:Over $5.5 billion
Num Employees:30+
Industry:Private Equity, Venture Capital

Bregal Sagemount is a private equity firm based in New York City.

History

Bregal Sagemount was founded in 2012 by former employees of Goldman Sachs and Great Hill Partners. Gene Yoon, the Managing Partner at Bregal Sagemount, was previously the head of Private Capital Investing at Goldman Sachs in New York.[1]

The firm's first fund, Bregal Sagemount I, L.P., was a $650 million investment vehicle. A majority of the capital for this fund comes from Bregal Investments,[2] the investment arm of Cofra Group, a Zug, Switzerland-based holding company formed by the Brenninkmeijer family following the founding of the first C&A store in Europe.

Bregal Sagemount announced Bregal Sagemount II, L.P., the firm's second fund, with $960 million of committed capital on February 7, 2017.

In March 2020, Bregal Sagemount completed the final closing for Bregal Sagemount Fund III at the Fund's hard cap of $1.5 billion, exceeding the target of $1.35 billion.[3] [4]

In October 2022, Bregal Sagemount announced the close of Bregal Sagemount Fund IV at a hard cap of $2.5 billion, 66% larger than Fund III. The Fund had a 100% Limited Partner participation rate and a 130% re-up rate by dollar value.[5]

Investments

Bregal Sagemount invests in middle-market companies across a number of technology sectors, including software, tech-enabled business and consumer services, digital infrastructure, healthcare services and technology, financial technology, and specialty finance. The firm typically invests between $15 million and $400 million in growth-oriented companies with greater than $15 million in revenue.[6]

As stated on the firm's website, Bregal Sagemount provides capital for situations including: funding organic growth, facilitating mergers and acquisitions, providing shareholder liquidity, and buyouts. The firm invests in both control and non-control (minority) transactions.[7]

External links

Notes and References

  1. News: Goldman's Yoon Said to Exit as Unit's Private-Equity Chief . Bloomberg.com . 27 March 2012 .
  2. Web site: NEWS: Goldman Sachs Veteran to Head Bregal s $500 Million Investment Vehicle - Mergers & Acquisitions . www.themiddlemarket.com . dead . https://web.archive.org/web/20120609071533/http://www.themiddlemarket.com/news/gene-yoon-bregal-investments-sagemount-goldman-sachs-great-hill-partners-230872-1.html . 2012-06-09.
  3. Web site: Bregal Sagemount Fund III's $1.5 Billion Closing. Global Legal Chronicle. live. https://web.archive.org/web/20200306235235/http://www.globallegalchronicle.com/bregal-sagemount-fund-iiis-1-5-billion-closing/ . 2020-03-06 .
  4. Web site: Goodwin-Steered Bregal Sagemount Fund Hits Cap At $1.5B - Law360. www.law360.com. en. 2020-04-01.
  5. Web site: Bregal Sagemount Announces Final Close for Fourth Private Equity Fund at Hard Cap. www.bregalsagemount.com. en. 2023-05-15.
  6. Web site: Bregal Sagemount | How We Invest.
  7. News: Ex-Goldman Executive Yoon Starts Private-Equity Fund . Bloomberg.com . 6 June 2012 .