Sagard and BEX Capital Forge Strategic Partnership
The new alliance aims to elevate Sagard's position in the private equity secondaries market.
Montreal and Nice, a significant announcement comes from Sagard, a prominent global alternative asset manager managing over US$27 billion in assets. The firm has officially entered into a strategic partnership with BEX Capital, a specialized firm with expertise in private equity secondaries, which itself manages more than US$2 billion.
This partnership is a milestone in Sagard's journey as it expands its services in private equity, particularly focusing on secondaries investment solutions. The collaboration with BEX Capital is designed to enhance their existing offerings and provide a comprehensive suite of private equity solutions that are tailor-made for a diverse range of investors.
BEX Capital's deep expertise in fund-of-funds secondaries will seamlessly integrate into Sagard’s already robust private equity framework that includes primary investments and co-investments. This will bolster the overall effectiveness of their investment strategies and facilitate various opportunities for stakeholders globally.
Paul Desmarais III, Chairman and CEO at Sagard expressed enthusiasm about the partnership, stating, "BEX has a commendable reputation in the secondaries market, characterized by a diversified investor base and a notable performance record. This alliance will empower us to provide innovative and effective secondaries solutions to institutional and private high-net-worth investors around the world."
Additionally, the collaboration is anticipated to create a more diversified private equity offering. BEX's adeptness in targeting secondary interests and co-investment opportunities will enrich Sagard’s strategic investment capabilities, ultimately leading to a wider reach and more significant opportunities for their investors.
Jonathan Tetrault, Managing Partner at Sagard, emphasized that BEX's disciplined investment approach complements Sagard's broader equity strategies, thereby fostering growth through collaborative efforts. Jonathan stated, "We are excited to join forces with BEX to unlock new avenues for growth and enhance value for our investors and partners."
Furthermore, BEX Capital’s existing leadership will retain management over their daily operations and investment strategies, ensuring continuity in client relations while leveraging Sagard's global presence and resources for even greater impact.
Thomas Carbonel, a Partner at BEX Capital, articulated the mutual benefits of this partnership, affirming, "This exciting collaboration will allow us to grow our business while adhering to our core investment philosophies and maintaining our valued relationships with investors. The partnership will secure access to expanded resources and strategic capabilities, creating innovative secondaries solutions and reinforcing our position within the market."
As the partnership progresses, the transaction is expected to close shortly, pending regulatory approvals. With the co-branding of BEX Capital aligning with Sagard, stakeholders can expect a unified brand reflecting their partnership's new direction.
About BEX Capital
BEX Capital stands out as an independent asset management firm specializing exclusively in private equity secondaries, established in 2010, with operational bases in Nice and New York. They are the pioneering firm dedicated solely to acquiring positions in global private equity fund-of-funds and related investment vehicles, currently managing over US$2 billion in capital.
About Sagard
Sagard operates as a multi-strategy alternative asset management firm with a robust portfolio of over US$27 billion across various asset classes including venture capital, private equity, private credit, and real estate. Their approach focuses on delivering flexible capital and nurturing an entrepreneurial culture backed by a vast network of investors and industry experts. With offices in numerous regions including North America and Europe, Sagard is primed for continued growth and innovation in the investment landscape.
Frequently Asked Questions
What is the main focus of the partnership between Sagard and BEX Capital?
The partnership primarily focuses on expanding Sagard's capabilities in private equity secondaries, providing more comprehensive investment solutions for varied investors.
How will this partnership benefit investors?
Investors will benefit from enhanced investment strategies, greater access to diversified opportunities, and innovative secondaries solutions that are tailored to their needs.
What are BEX Capital's specialties?
BEX Capital specializes in private equity secondaries, particularly fund-of-funds and co-investment vehicles, which strengthens Sagard's investment offerings.
What is Sagard's position in the investment industry?
Sagard is a leading global alternative asset manager with over US$27 billion in assets, offering various investment strategies across multiple asset classes.
What can we expect in the upcoming weeks regarding this partnership?
In the coming weeks, the transaction is expected to close, resulting in co-branding of BEX Capital with Sagard and aligning their investment strategies.
