Who is Bregal Sagemount?
Bregal Sagemount is a growth focused private equity firm founded in 2012 by Gene Yoon, who previously led private capital investing at Goldman Sachs. The firm is headquartered at 200 Park Avenue in New York with a second office in Palo Alto. Bregal Sagemount sits within Bregal Investments, the investment arm of Cofra Group, the Swiss holding company of the Brenninkmeijer family.
The firm has raised roughly $11 billion since inception and has made more than 90 platform investments. Fund V closed at its $3.5 billion hard cap in March 2026 after roughly four months of fundraising, following a $2.65 billion Fund IV in 2022 and a $1.5 billion Fund III in 2020. Sagemount invests from conventional closed end funds, so every deal carries an eventual exit obligation to limited partners.
What does Bregal Sagemount buy?
Bregal Sagemount invests $20 million to $400 million of equity per transaction in companies with at least $7 million of revenue growing faster than 10 percent per year. The firm also writes credit checks of $15 million to $100 million. Target sectors are software, information and data services, financial technology and specialty finance, digital infrastructure, healthcare IT and services, and business and consumer services.
| Criterion | What Bregal Sagemount states publicly | Source |
|---|---|---|
| Equity check | $20 million to $400 million | sagemount.com, How We Invest |
| Credit check | $15 million to $100 million | sagemount.com, How We Invest |
| Revenue | $7 million or more, growth above 10 percent | sagemount.com, How We Invest |
| Revenue model | Recurring or re-occurring; profitable at corporate or unit level | sagemount.com, How We Invest |
| Control | Control or non control; typically lead investor | sagemount.com, How We Invest |
| Sectors | Software, information and data services, fintech and specialty finance, digital infrastructure, healthcare IT and services, business and consumer services | sagemount.com; Fund V release |
One number in Sagemount’s record matters more than the rest for founders: in 80 percent of its investments, Sagemount is the first institutional capital in the company. The firm cited that figure at its Fund V close. A buyer whose model is built on bootstrapped companies is, by construction, a buyer whose model is built on sellers without competing bids.
What has Bregal Sagemount actually acquired?
Sagemount closed 11 new platform investments in 2025, including DrFirst in medication management, MDaudit in healthcare compliance analytics, Standish Management in fund administration, and PDQ in endpoint management software. The same year the firm exited TrustArc to Main Capital Partners and recapitalized DentalXChange with KKR. Purchase prices were not disclosed in any of these transactions.
| Company | Sector | Transaction | Year | Disclosed terms |
|---|---|---|---|---|
| DrFirst | Medication management software | Platform investment | 2025 | Not disclosed |
| MDaudit | Healthcare billing compliance | Platform investment | 2025 | Not disclosed |
| Standish Management | Fund administration | Platform investment | 2025 | Not disclosed |
| PDQ | Endpoint management software | Platform investment | 2025 | Not disclosed |
| 360 Advanced | Cybersecurity compliance services | Platform investment | 2025 | Not disclosed |
| TrustArc | Privacy management software | Exit to Main Capital Partners | 2025 | Not disclosed |
| DentalXChange | Dental payments and claims | Recapitalization with KKR | 2025 | Not disclosed |
| Neptune Flood | Insurance technology | Exit | 2025 | Not disclosed |
Sagemount’s 2025 exits also included Printful in on-demand apparel and Scorpion in marketing services, both undisclosed. The exit pattern matters for founders weighing a Sagemount offer: recent realizations went to larger financial buyers such as KKR and Main Capital Partners rather than to strategic acquirers. A founder who rolls equity into a Sagemount deal is typically underwriting a second sale to another private equity firm within the fund’s life.
What does Bregal Sagemount typically pay?
Bregal Sagemount does not disclose purchase prices or valuation multiples, and none of its 2025 platforms or exits carried a published price. The public record supports only the firm’s stated check range of $20 million to $400 million of equity. Where a company falls inside that range, and at what multiple, is set deal by deal.
Windsor Drake’s published valuation research places private equity platform acquisitions of SaaS companies at 4 to 6 times revenue, with add-on acquisitions at 3 to 5 times revenue. A founder whose company would anchor a new Sagemount platform holds a materially stronger price position than a founder whose company folds into an existing one. Establishing which conversation you are in comes before any number.
How does Bregal Sagemount find companies?
Sagemount’s sourcing model targets bootstrapped companies directly: the firm is first institutional capital in 80 percent of its deals, which requires systematic outreach to founders who have never raised money and have no advisor. The firm describes a partnership approach built around flexible structures rather than a standard playbook. Sagemount participates in banked processes and publishes no position against sell side advisors.
Direct sourcing is a price strategy as much as a pipeline strategy. A bootstrapped founder approached first, before other buyers are organized, negotiates without a market. Windsor Drake calls the resulting pricing gap The Proprietary Discount.
What does a Bregal Sagemount approach look like?
A typical approach starts with outreach from an investor covering the founder’s sector, framed around the founder’s growth plans rather than a sale. Early requests cover revenue mix, growth rate, and retention, the same inputs Sagemount’s criteria page lists as its screen. Detailed metrics shared at this stage price the company before any competing bid exists.
A progressing conversation produces a term sheet or letter of intent with an exclusivity request. The standard buyer ask is 30 to 90 days of exclusivity, and Windsor Drake recommends conceding no more than 30 to 45 days. During exclusivity, a buyer like Sagemount commissions a quality of earnings review, which typically costs the market $40,000 to $100,000 and re-tests every number the founder has quoted. Founders weighing a first inbound approach can start with Windsor Drake’s offer received hub.
What is life like after selling to Bregal Sagemount?
Sagemount promotes an in-house value creation capability alongside its capital, and its portfolio companies buy other companies during the hold, as the 2025 activity list shows. Because the firm takes both control and non control positions, founder outcomes range from full exits to long partnerships with staged liquidity. The 2025 DentalXChange recapitalization with KKR shows one common path: Sagemount sells or partially sells a platform on to a larger financial buyer.
Detailed independent founder accounts of Sagemount ownership are scarce in public sources. Reference calls with founders of exited Sagemount companies are the reliable way to test the firm’s partnership claims before signing.
Who else would compete for a company Bregal Sagemount wants?
Growth investors chasing the same profile include LLR Partners in Philadelphia, Susquehanna Growth Equity with its evergreen capital, and Serent Capital in founder-led B2B software, alongside firms such as JMI Equity and Great Hill Partners. Strategic acquirers set the ceiling: Windsor Drake’s published valuation research shows strategic buyers paying 15 to 30 percent premiums over financial buyers.
What would a competitive process change?
The Proprietary Discount is the gap between what a serial acquirer pays in an unbanked bilateral negotiation and what the same business clears in a competitive process, and Windsor Drake puts that gap at 15 to 25 percent of enterprise value. Sagemount’s 80 percent first institutional capital figure means most of its deals were, by definition, negotiated without a competing institutional bid.
A structured process reverses that position: Sagemount prices against the market instead of against one founder’s uncertainty. Windsor Drake’s sell side processes open with a buyer universe of 150 to 300 potential acquirers, and a process run alongside a live offer takes 4 to 6 months. Whether an advisor pays for itself at your size is covered in Do I need a banker.
If Bregal Sagemount has approached you, Windsor Drake’s Approach Response engagement exists for exactly that situation.
Questions founders ask
How big is Bregal Sagemount’s latest fund?
Bregal Sagemount Fund V closed at its $3.5 billion hard cap in March 2026 after roughly four months of fundraising. The firm has raised about $11 billion in total since 2012.
What size companies does Bregal Sagemount invest in?
Sagemount’s published criteria call for at least $7 million of revenue, growth above 10 percent, recurring or re-occurring revenue, and profitability at the corporate or unit level, with equity checks of $20 million to $400 million.
Does Bregal Sagemount take majority control?
Sagemount invests in both control and non control structures and typically acts as lead investor. Its transaction menu spans growth capital, buyouts, take privates, and full or partial recapitalizations.
Who owns Bregal Sagemount?
Bregal Sagemount is part of Bregal Investments, the investment arm of Cofra Group, the Brenninkmeijer family holding company. Its funds also raise capital from institutional limited partners such as pension funds, insurers, and endowments.
Does Bregal Sagemount disclose what it pays?
No. None of Sagemount’s 2025 platform investments or exits carried a published purchase price. The only public pricing anchor is the firm’s stated equity check range of $20 million to $400 million.
Why did Bregal Sagemount contact my bootstrapped company?
Outbound to bootstrapped companies is Sagemount’s core sourcing model. The firm states it is the first institutional capital in 80 percent of its investments, which requires finding founders before any process or advisor exists.
Do I need a banker to negotiate with Bregal Sagemount?
A founder can negotiate alone, but the bilateral versus competitive gap that Windsor Drake calls The Proprietary Discount runs 15 to 25 percent of enterprise value. Competition, not negotiating skill, is what moves a professional buyer’s price.
Last reviewed July 28, 2026 by Jeff Barrington, Founder and Managing Director, Windsor Drake. Content on this page may be cited with attribution and a link to https://windsordrake.com/acquirers/bregal-sagemount/