MicroEdge has secured a minority investment from Bregal Sagemount. Existing investors Vista Equity Partners and the MicroEdge management team, led by CEO Preston McKenzie, will retain majority ownership. Additional terms were not disclosed. MicroEdge is a provider of software and services to the giving community worldwide.
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Bregal Sagemount, the private equity firm founded by Goldman Sachs veteran Gene Yoon, is launching with $500 million in committed capital to concentrate on growth plays in the tech, media & information and businesses services spaces, among others. Bregal Investments formed the fund with $500 million and the fund, along with its parent entity, can [...]