– Blue Sage Capital announced the first and final close of the Blue Sage Strategic Credit Fund, L.P. at $287 million, including a substantial General Partner commitment.
– Fundraising occurred shortly after closing the $618 million flagship buyout fund, Blue Sage Capital IV.
– The Fund was significantly oversubscribed, exceeding its initial target of $150 million and hard cap of $262 million.
– The Fund is structured as a Small Business Investment Company (SBIC) and limited in size to maintain a lower-middle market focus.
– Backed by a global group of Limited Partners, including college/university endowments, charitable foundations, pension funds, large family offices, insurance companies, and entrepreneurial individuals.
– Several Limited Partners have invested with Blue Sage across multiple prior funds, some since the firm’s founding nearly 25 years ago.
– The Fund continues Blue Sage’s strategy of partnering with founders, families, and management teams in high-potential lower-middle market businesses.
– Focus areas include environmental solutions, niche manufacturing, and specialty services companies in North America, particularly Texas, the Southwest, and the Midwest.
– The Fund will invest in both debt and equity securities, offering flexible and creative investment structures aligned with partners’ needs.
– Blue Sage prefers to be the first institutional investor in the companies it partners with.
– Peter Huff, Founder and Managing Partner, thanked Limited Partners for their consistent support and announced the addition of Spencer Klein and John Baizer to the team.
– The Fund was raised without a placement agent
– With the Strategic Credit Fund closed, Blue Sage has now raised over $1.5 billion throughout its history, maintaining its focus on the lower-middle market.
