Sagard Launches Evergreen PE Fund for Accredited Canadian Investors

Sagard on January 16 launched Sagard Private Equity Strategies, an evergreen private equity investment fund designed for accredited Canadian investors.

At its initial closing, the fund secured CAD 50M (~$34.9M) in capital commitments, with the minimum investment set at CAD 25K (~$17.5K). Sagard Private Equity Strategies hopes to entice investors with long-term annual net returns in the 14% to 18% range, and diversification and exposure to a variety of private companies. It will target mature LP portfolios and premium assets in the secondaries space, deals with top-performing managers in the co-investments space, and high-quality growth equity and small/mid-market buyout managers in the primaries space.

The fund succeeds Sagard Private Credit Fund, the alternative asset manager's evergreen credit investment fund also designed for accredited Canadian investors. Sagard launched the private credit fund in September 2024 through a partnership with financial technology platform iCapital. At its first close, the predecessor fund also raised CAD 50M.

Sagard, a multi-strategy alternative asset manager, has over $27B of AUM with a portfolio of more than 150 companies, according to its website. It is active in the venture capital, private equity, private credit, and real estate spaces.