Carey Olsen advises Bregal Sagemount on US$3.5 billion fund close
Carey Olsen has advised leading private equity firm Bregal Sagemount ("Sagemount") on the final close of Bregal Sagemount V ("Fund V"), which was oversubscribed and closed at its hard cap of US$3.5 billion in capital commitments.
Fund V was raised in just over four months, having launched at the end of 2025. The investor base largely comprised existing investors in the form of North American pension funds, insurance companies and institutional family offices, in addition to a select number of new investors based in Europe and South America that have enabled Sagemount to expand its international investor base.
The Carey Olsen Jersey investment funds team advising Sagemount included partner Robert Milner, senior associate Edward Kelleher-Ward and associate Charlie Hurst, alongside onshore counsel Kirkland & Ellis LLP.
Robert Milner commented: "We are pleased to have advised Bregal Sagemount on its fifth flagship fund and are delighted that the raise hit the hard cap. As the leading legal team advising on Jersey fund launches, we were able to demonstrate the capacity and depth of expertise needed to help set up the eight Jersey structures comprised in the fund and provide around-the-clock support to the teams in London and New York."
