Blue Sage Capital Closes Oversubscribed Fund IV at $618 Million

Blue Sage Capital, a leading lower-middle market private equity firm, has announced the successful final close of Blue Sage Capital IV, L.P. (the “Fund”), at $618 million, surpassing its initial target of $400 million. The Fund received a substantial commitment from the General Partner and garnered significant interest from Limited Partners, including college/university endowments, charitable foundations, pension funds, large family offices, insurance companies, and individual investors.

The oversubscribed Fund, more than double the size of its prior fund, will uphold Blue Sage’s focus on high-potential lower-middle market businesses in North America, particularly in Texas, the Southwest, and the Midwest. The firm aims to be the first institutional investor in its partnered companies, continuing its strategy of collaborating with founders, families, and management teams.

Blue Sage Capital, having raised over $1.2 billion in its history without a placement agent, will maintain its dedication to the lower middle market. The fund was raised with Kirkland and Ellis as fund counsel, signaling the firm's continued focus on the lower middle market.