Sagard Expands with Strategic Stake in BEX Capital
Deal News | Apr 16, 2025 | PR Newswire Cision Sagard
Sagard, an international multi-strategy alternative asset management firm, has announced a significant expansion of its private equity solutions by acquiring a strategic stake in BEX Capital. BEX Capital is a recognized specialist in fund-of-funds secondaries. This acquisition strengthens Sagard's portfolio, allowing it to offer a comprehensive suite of private equity solutions, including secondaries. With over $27 billion AUM, Sagard's partnership with BEX Capital will enhance its services globally. The collaboration aims to leverage BEX's established expertise in secondary funds, co-investment vehicles, and fund-of-funds to expand Sagard's investment strategies. BEX Capital will continue operations independently while benefiting from Sagard's global resources, and the firm's brand will be co-branded with Sagard. The transaction is set to conclude in the coming weeks following regulatory approvals.
Sectors
- Private Equity
- Alternative Asset Management
Geography
- Canada – Sagard is a global firm with operations based in Canada.
- France – BEX Capital has one of its offices located in Nice, which underscores the geographical relevance of France to this transaction.
- United States – Both Sagard and BEX Capital conduct operations in the U.S., highlighting its importance in their business strategies.
- Global – The partnership will extend Sagard's and BEX Capital's reach to a global network of investors and markets.
Industry
- Private Equity – Sagard's acquisition of BEX Capital is primarily concerned with expanding its presence in the private equity secondaries market.
- Alternative Asset Management – Both Sagard and BEX Capital are involved in asset management across various strategies, including private equity and secondaries.
Financials
- $27 billion – Assets under management by Sagard.
- $2 billion – Assets under management by BEX Capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sagard | Bidding Company | Company | A global alternative asset manager acquiring a stake in BEX Capital. |
| BEX Capital | Target Company | Company | An independent asset management firm specializing in private equity secondaries. |
| Paul Desmarais III | Chairman and CEO at Sagard | Person | Key executive at Sagard involved in the acquisition. |
| Jonathan Tetrault | Managing Partner at Sagard | Person | Leads Sagard Private Equity Solutions, overseeing the partnership. |
| Thomas Carbonel | Partner at BEX Capital | Person | Plays a crucial role in the management and strategic direction at BEX Capital. |