Bregal Sagemount Fund II closes at $960 mln

Bregal Sagemount said Feb. 7 that it closed its latest fund at its $960 million hard cap. Bregal Sagemount II LP was oversubscribed and surpassed its $800 million target. Bregal Investments made the largest commitments to Sagemount II. The fund will provide flexible capital and strategic assistance to companies in sectors such as software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology / specialty finance. Goodwin Procter LLP and Dechert LLP acted as legal counsel. MVision Private Equity Advisers acted as strategic fundraising adviser.

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