Bregal Sagemount has launched a dedicated credit strategy and brought on Clayton Main, a former Goldman Sachs executive, as one of the founding members of the credit team. Main will work with other Bregal Sagemount team members on the Specialty Lending Group. As part of the new strategy launch, Bregal Sagemount’s parent, Bregal Investments, has increased its commitment to Bregal Sagemount’s debut fund to $650 million. Bregal Sagemount I L.P. closed on around $500 million in 2012.
To further expand its set of flexible capital solutions to growth companies, Bregal Sagemount announced today that it has launched a dedicated credit strategy. In conjunction, Bregal Investments has increased its commitment to Bregal Sagemount I, L.P. to $650 million.
To lead the new credit effort, Bregal Sagemount has tapped Clayton Main, who has spent the last ten years at Goldman, Sachs & Co. as one of the founding team members of its Specialty Lending Group. Mr. Main has worked closely with several members of the Bregal Sagemount team in the past, and he shares the same deep experience in the industries targeted by Bregal Sagemount.
“Bregal Sagemount’s unique mandate allows us to invest in a variety of capital structures creating attractive risk adjusted returns,” said Clayton Main, Partner and Head of Credit for Bregal Sagemount. “The credit platform is a complimentary extension of the existing equity growth fund and will focus on providing flexible capital solutions to defensible growth companies.”
Gene Yoon, Managing Partner of Bregal Sagemount said, “Since launching two years ago, our flexible capital approach has resonated strongly with market leaders in growth sectors. In our direct conversations with those businesses, we have found significant demand for debt capital, and credit is a natural addition to our existing capabilities in buyouts, growth equity, and structured equity. Our long history with Clayton made him the logical choice to head the strategy for us.”
With $650 million of committed capital, Bregal Sagemount is focused on investing $15 million to $75 million in companies, and in partnership with Bregal Investments, can invest up to $150 million. Target investments will be in growth sectors, including business services, software and technology-enabled businesses, information and media, financial services and healthcare. The fund will take control and non-control positions, and will make both equity and/or debt investments.
About Bregal Sagemount
Bregal Sagemount is a growth-focused private equity firm with $650 million in committed capital. Bregal Sagemount makes investments of $15 million to $150 million in market leaders in high-growth industries. For more information, please see www.bregalsagemount.com.