Bregal Sagemount closes $3.5bn Fund V at hard cap after four-month raise

Bregal Sagemount has announced, on March 2, 2206, the final close of its fifth flagship fund, Bregal Sagemount V, at $3.5 billion in capital commitments. The fund was oversubscribed and closed at its hard cap, marking a significant step up from Fund IV, which raised $2.65 billion.

Launched in the fourth quarter of 2025, Fund V was raised in just over four months. The substantial majority of commitments came from returning limited partners, complemented by a select group of new institutional investors joining the firm’s LP base.

Founder and Managing Partner Gene Yoon said the successful raise reflects strong support from both existing and new partners despite a highly selective fundraising environment. He highlighted the firm’s flexible capital approach and value creation capabilities across market cycles, as well as its track record of partnering with entrepreneurs to drive liquidity for investors.

Head of Capital Formation Shea Goggin added that long-standing LP relationships and consistent liquidity delivery were key to the efficient fundraising process, which saw exceptional re-up participation.

Fund V will continue Sagemount’s strategy of providing flexible, solution-oriented capital to durable growth businesses with high recurring revenues operating in end markets characterized by uncorrelated secular growth. Since its inception in 2012, the firm has raised $11 billion across its equity and credit strategies and invested in more than 90 companies spanning software, data services, fintech, digital infrastructure, healthcare IT, and business and consumer services.

The investor base for Fund V is predominantly composed of North American pension funds, insurance companies, endowments, foundations and institutional family offices, with additional participation from select investors in Europe and South America. Kirkland & Ellis LLP served as legal advisor to the firm.

About Bregal Sagemount
Bregal Sagemount is a growth-focused private capital firm with $11 billion in cumulative capital raised. The firm provides flexible capital and strategic support to market-leading companies in high-growth sectors across a wide range of transaction situations. Since its founding in 2012, Bregal Sagemount has invested in more than 90 companies across software, information and data services, financial technology, financial services, digital infrastructure, healthcare IT, and business and consumer services, operating from offices in New York and Palo Alto.