Sagard’s inaugural credit fund surpasses target, raises $706 mln
Sagard Credit Partners has secured more than $706 million (US$545 million) in committed capital for its debut debt fund, according to a news release. SCP, part of Sagard Holdings, an affiliate of Canada’s Power Corp, exceeded its original target size of about $648 million (US$500 million) with the help of several institutional investors. SCP said the fund’s hard cap is about $778 million (US$600 million). It is expected to remain open for additional commitments until the end of 2018. SCP, led by Managing Partner and CIO Adam Vigna, formerly Canada Pension Plan Investment Board's head of global principal credit investments, lends directly to mid-market companies, both private and public, in Canada and the United States.
10 October 2018•2 mins read
