Bregal closes fund III

The New York growth-focused manager has reached the hard-cap of its latest vehicle.

  • Fund name: Bregal Sagemount III
  • Amount raised: $1.5 billion
  • Target size: $1.35 billion
  • Hard-cap: $1.5 billion
  • Stage of fundraising: Final close
  • Final close date: March 2020
  • Predecessor fund: Bregal Sagemount II ($960 million)
  • Placement agent: Houlihan Lokey

Bregal Sagemount, which is part of Bregal Investments, has closed its latest fund. Bregal Sagemount III will continue its predecessor’s strategy investing in growth equity in North America.