Bregal Sagemount
Bregal Sagemount is a private equity firm based in New York City.
Type | Private |
---|---|
Industry | Private Equity, Venture Capital |
Founded | 2012 |
Founders | Gene Yoon, Daniel Kim, Phil Yates, Adam Fuller, Michael Kosty |
Headquarters | 200 Park Avenue New York, NY, U.S |
Total assets | Over $5.5 billion |
Number of employees | 30+ |
Website | www |
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.[3]
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.[4][5]
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.[6]
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.[7]
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.[7] The firm invests in both control and non-control (minority) transactions.[8]
References
- "Goldman's Yoon Said to Exit as Unit's Private-Equity Chief". Bloomberg.com. 27 March 2012.
- "NEWS: Goldman Sachs Veteran to Head Bregal s $500 Million Investment Vehicle - Mergers & Acquisitions". www.themiddlemarket.com. Archived from the original on 2012-06-09.
- Cooper, Laura (8 July 2019), Bregal Sagemount Invests in Buyers Edge Platform, The Wall Street Journal, retrieved 18 May 2021
- "Bregal Sagemount Fund III's $1.5 Billion Closing". Global Legal Chronicle. Archived from the original on 2020-03-06.
- "Goodwin-Steered Bregal Sagemount Fund Hits Cap At $1.5B - Law360". www.law360.com. Retrieved 2020-04-01.
- "Bregal Sagemount Announces Final Close for Fourth Private Equity Fund at Hard Cap". www.bregalsagemount.com. Retrieved 2023-05-15.
- "Bregal Sagemount | How We Invest".
- "Ex-Goldman Executive Yoon Starts Private-Equity Fund". Bloomberg.com. 6 June 2012.