Sagard has reached a $1bn first close for its third private credit fund – Sagard Credit Partners III – putting the strategy halfway towards its $2bn fundraising target as investor appetite for direct lending continues to grow.
SCP III attracted commitments from 16 institutional investors at its initial close, with the majority of capital coming from existing limited partners backing the firm’s latest North American direct lending vehicle.
The fund will continue the investment strategy establishe...
Continue Reading
Sign up for FREE to read the full article and access 150K+ alternative investment headlines.