Family-backed private equity group brings in outside investors

Bregal Sagemount, a subsidiary of the family-backed private equity group, Bregal Investments, has raised $960 million to invest in high-growth sectors in the US. Bregal Investments is controlled by the Brenninkmeijer family, a Dutch-German dynasty, best known for its ownership of the department store C&A.

The fund - Sagemount II - was the first fund from the various Bregal Investments private equity groups to seek multiple outside investors, which in this case were all institutional. Bregal Sagemount says it invests $25 million to $150 million per transaction into both control and non-control positions, and will make equity and/or junior debt investments. Targeted sectors include software, digital infrastructure, healthcare IT services, business and consumer services, and financial technology/speciality finance, according to a press release announcing the new fund.

Bregal Investments has invested more than $12.5 billion since 2002, says the press release. It is a subsidiary of COFRA Holding, a European holding company for a privately-owned group of companies, including C&A, a clothing retail organisation, and Redevco, a real estate company owning a portfolio of over €7 billion across 400 properties in Europe.

The Brenninkmeijer family also have a family office called Anthos, which manages their personal wealth. It’s based in Amsterdam, but very little is known about it beyond this.