Blue Sage Capital’s $300 Million Fundraising


Kirkland & Ellis LLP served as legal counsel for Blue Sage in the transaction.

Blue Sage Capital, an Austin, Texas-based private investment firm, announced the final closing of its oversubscribed third fund. Capital commitments totaled $300 million, well above the $250 million fund target and $150 million prior fund size.

The fund will continue Blue Sage’s strategy of partnering with founder-owned businesses with $4 million to $15 million of cash flow, in order to add value by operationally transforming companies.

Blue Sage Capital is an Austin, Texas-based private equity firm specializing in growth, recapitalization and buyout financings of smaller middle market companies. Most of Blue Sage’s investments are in established, profitable companies with $10 million to $100 million of revenue and $4 million to $15 million of cash flow at the time of investment. Blue Sage invests in a variety of industries, with each initial investment typically ranging from $10 million to $40 million.

The Kirkland team was led by investment funds partners John O’Neil (Picture) and Warren R. Goodworth, and associates Clayton Cromer, Reed Schuster and Timothy Nolan.

Involved fees earner: Clayton Cromer – Kirkland & Ellis; Warren Goodworth – Kirkland & Ellis; Timothy Nolan – Kirkland & Ellis; John O’Neil – Kirkland & Ellis; Reed Schuster – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Blue Sage Capital;

Author: Ambrogio Visconti