Sagard Credit Partners hits US$1B first close for third private credit fund

What's the deal? Sagard Credit PartnersDealroom has a profile for this one. Try Dealroom → has held a US$1 billion first close for its third private credit vintage, SCP III. The fund continues the firm's strategy of lending to mid-market businesses.

What's the endgame? SCP III targets mid-market borrowers with capital tailored to their stage of growth. "SCP III strengthens our ability to support mid-market businesses with capital designed around their needs and stage of growth," said Mustafa HumayunDealroom has a profile for this one. Try Dealroom →, partner and portfolio manager at Sagard Credit Partners.

What's in it for LPs? Humayun said the fund lets Sagard keep building "a portfolio with the discipline, selectivity, and alignment that have defined the strategy since inception." He added that borrowers get "a lender that takes the time to understand their business and can stay engaged as their needs evolve."

The signal: A US$1 billion first close signals continued investor appetite for private credit strategies aimed at the mid-market — a segment where firms position themselves as flexible alternatives to traditional bank lending.

Read more: Financial Post

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