Bregal Sagemount is a
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
firm based in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
.
History
Bregal Sagemount was founded in 2012 by former employees of
Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
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.
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,
[ ] the investment arm of
Cofra Group, a
Zug
, neighboring_municipalities = Cham, Baar, Walchwil, Steinhausen, Unterägeri
, twintowns = Fürstenfeld (Austria), Kalesija (Bosnia-Herzegowina)
Zug (Standard German: , Alemannic German: ; french: Zoug it, Zugo r ...
,
Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
-based holding company formed by the
Brenninkmeijer family
Brenninkmeijer (german: Brenninkmeyer) is a Roman Catholic Dutch/German/Swiss family of manufacturers, which own an international chain of clothing stores. Originally the family came from Tecklenburger Land (Westphalia), selling linen in Frie ...
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.
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.
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
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business.
Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...
.
As stated on the firm's website, Bregal Sagemount provides capital for situations including: funding
organic growth Organic business growth is related to the growth of natural systems and organisms, societies and economies, as a dynamic organizational process, that for business expansion is marked by increased output, customer base expansion, or new product devel ...
, facilitating
mergers and acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...
, providing shareholder liquidity, and
buyout
In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout ...
s.
The firm invests in both control and non-control (minority) transactions.
References
External links
Official Website
{{Private equity and venture capital
Financial services companies established in 2012
Private equity firms of the United States
Privately held companies based in New York (state)
American companies established in 2012