– Blue Sage Capital closed its latest fund, Blue Sage Capital IV, L.P., at $618 million, surpassing its $400 million target and initial $550 million hard cap.
– The fund was significantly oversubscribed, with strong investor demand exceeding available capacity.
– Investors include a diverse group of global Limited Partners, such as university endowments, foundations, pension funds, family offices, insurance companies, and entrepreneurs.
– Many Limited Partners have a long-standing relationship with Blue Sage, some dating back nearly 25 years.
– Fund IV continues Blue Sage’s strategy of investing in lower-middle market businesses, with a focus on environmental solutions, niche manufacturing, and specialty services in North America.
– The firm prioritizes being the first institutional investor in its portfolio companies.
– Founder and Managing Partner Peter Huff expressed gratitude for the trust and support of Limited Partners and reaffirmed Blue Sage’s commitment to building high-quality businesses.
– Blue Sage raised Fund IV without a placement agent, with Kirkland & Ellis serving as fund counsel.
– With Fund IV, Blue Sage has raised over $1.2 billion in total since its founding.
