June 20, 2024. Toronto, Canada – Sagard, a global alternative asset manager with over US$25B of assets under management, today announced it will launch an evergreen credit investment fund designed for accredited investors, the Sagard Private Credit Fund (“the Fund”). Sagard expects that the Fund will be formally launched in partnership with iCapital, a leading global fintech platform focused on alternative investments, and that it will begin accepting subscriptions from accredited investors in the coming months.1
The Fund will leverage Sagard’s origination capabilities to invest alongside institutional investors in a broadly diversified portfolio of private credit investments, composed mainly of private loans originated by Sagard, together with more liquid credit securities.
“The Sagard Private Credit Fund will harness our tenured team’s institutional-calibre credit origination capabilities to give Canadian accredited investors the opportunity to participate in this attractive asset class”, said Adam Vigna, Managing Partner and Chief Investment Officer at Sagard. “Private credit can deliver higher returns with lower volatility than most other fixed-income alternatives, and our team knows this space extremely well, having invested in this asset class for over 20 years. We are thrilled that the Fund will give more individuals access to private credit, which can be a great complement to a diversified portfolio”, he added.
The Fund will provide loans to private middle market companies, receive interest payments on those loans, and distribute the net proceeds to investors in the form of distributions, driving an initial indicative annual net return of 9-10%. Investors will be able to subscribe to the Fund through their investment advisors each month, with quarterly redemptions available. The Fund will be eligible for registered plans, such as RRSPs, RESPs, TFSAs and more.
“At Sagard, we believe in democratizing access to alternatives”, said Paul Desmarais III, Chairman & CEO of Sagard. “Over the last eight years, we have recruited some of the best investment teams in Canada and elsewhere, building our firm to serve leading sophisticated investors: public and corporate pension plans, financial institutions, sovereign wealth funds, and wealthy families. We are now going to offer these capabilities to a much broader category of accredited investors. Until recently, this kind of access has not been possible. We are starting with private credit in Canada, and the plan is to go far beyond that”, he added.
Sagard plans to launch additional investment products for accredited investors in the coming months.
Sagard Credit provides bespoke debt solutions to public and private middle-market companies seeking capital in the U.S. and Canada. Sagard’s credit investment platform and its strategic partner, Sagard | HalseyPoint, together manage $6B in assets including $2.8B under its private credit and senior lending strategies and $3.2B under management at Sagard | HalseyPoint in the CLO space as of March 2024. Our investments are tailored to the company's specific needs, including support for growth, M&A, refinancing, recapitalizations, and other strategic initiatives. Sagard’s credit offering includes investment strategies in opportunistic credit, senior lending, collateralized loan obligations, and private wealth solutions.
About Sagard
Sagard is a global multi-strategy alternative asset management firm with US$25B under management, 150 portfolio companies, and 300 professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. Our firm has offices in Canada, the United States, Europe and the Middle East.
Statements are based on the subjective views and opinions of Sagard and cannot be independently verified. There can be no assurance any returns or yields are achieved or that financial exchange risk is minimized. There can be no assurance any distributions are made to investors. Target returns are hypothetical and do not reflect actual returns to any Sagard client or investors. There can be no assurance that any target returns are achieved. Actual returns may be materially lower. There can be no assurance an investor can redeem from the Sagard Private Credit Fund. Please refer to the fund’s organizational and offering documents for additional details. Targeted investment characteristics may not be indicative of future investment characteristics and there can be no assurance that the Fund will have comparable investment characteristics or that target investment characteristics will be achieved. Like all investments, an investment in the funds advised by Sagard involves significant risks, including loss of the entire investment. Investment products such as the funds advised by Sagard are designed only for sophisticated investors who are able to sustain the loss of their investment. Accordingly, such investment products are not suitable for all investors. The funds advised by Sagard are not subject to the same or similar regulatory requirements as mutual funds or other more regulated collective investment vehicles. This presentation does not constitute or form part of an offer to issue or sell, or of a solicitation of an offer to subscribe or buy any securities, nor does it constitute investment advice or a recommendation. Certain information contained in this presentation constitutes “forward-looking statements.” Due to various risks and uncertainties, actual events or results or the actual performance of any Sagard investment may differ materially from those reflected or contemplated in such forward-looking statements.
This document or material (this “document”) is directed only to Canadian residents that are “accredited investors” as defined under section 1.1 of National Instrument 45-106 Prospectus Exemptions and “permitted clients” as defined under section 1.1 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations. This document is not, and under no circumstance is to be construed as an offering memorandum, an advertisement or a public offering of any securities described herein in any province or territory of Canada (each, a “Canadian Jurisdiction”). Under no circumstances is this document to be construed as an offer to sell securities or the provision of advice in relation to any securities. Any offer or sale of any securities described in this document will be made pursuant to the definitive private placement documents for the securities, which do not include this document. In addition, any offer or sale of, or advice related to, any securities described in this document will be made only by a dealer or adviser registered or relying on an exemption from registration in the applicable Canadian Jurisdiction. No Canadian securities regulatory authority has reviewed or in any way passed upon the information contained in this document or the merits of any securities described in this document, and any representation to the contrary is an offence.
1The Fund has not been created and is not yet available. The Fund is expected to be managed by iCapital Network Capital Ltd., a registered investment fund manager.
Paris, October 29, 2024 - Sagard NewGen announces the acquisition of FuturMaster, a Software-as-a-Service (SaaS) provider of Supply Chain Planning and Revenue Growth Management solutions, from its founder and Cathay Capital. Sagard NewGen becomes the Group's majority shareholder alongside the management team and Cathay Capital, who reinvest in the new transaction.
FuturMaster, with its Bloom platform, offers a comprehensive suite of SaaS-based solutions for the end-to-end supply chain planning and revenue optimisation of large enterprises and mid-sized companies worldwide. FuturMaster solutions transform the complexity of business operations into levers of performance and resilience, offering competitive advantage in a volatile and uncertain environment. Thanks to cutting-edge technologies such as artificial intelligence, digital twin modelling and operational research, FuturMaster enables its customers to better plan for demand, and adapt their operational response by optimising production, distribution and supply plans.
FuturMaster's platform is used daily by many leading companies in all sectors, including Heineken, L'Oréal, TotalEnergies and SNCF, in over 90 countries. The group is profitable, with growth of c.30% per year, and generates over €30 million in revenue, over a third of which is generated outside France. It employs nearly 200 people in France, the UK, Singapore and China.
Sagard NewGen's acquisition of FuturMaster marks a key milestone in its history. Its Chief Executive Officer, Yacine Zeroual, succeeds Bo Zhou, the Group's founding Chairman and majority shareholder, who is stepping down as part of the deal.
Yacine Zeroual, CEO of FuturMaster, said: ‘We are delighted to begin this new chapter with Sagard NewGen, which shares our ambition to become a global leader in Supply Chain Planning and Revenue Growth Management solutions. With the support of Sagard NewGen and Cathay Capital, and backed by a talented and committed team, we will accelerate our international expansion while continuing to offer our customers innovative solutions to transform their complexity into sustainable competitive advantage in a constantly changing world.’
Bérangère Barbe and Guillaume Lefebvre, Partners at Sagard NewGen, added: ‘We are delighted to support Yacine and his team in the next stages of FuturMaster's development in Europe and beyond. This project, alongside the management team, is based above all on the continuity of the company's strategy of product innovation and internationalisation. This transaction, which opens up the capital more widely to the company's management team, is perfectly in line with Sagard NewGen's Growth Buyout strategy.’
Jérémie Falzone, Partner at Cathay Capital, stated: ‘Since acquiring a stake in FuturMaster in 2020, we have been proud to support the company, which has successfully developed innovative SaaS-based supply chain management solutions and expanded its business with major companies that are leaders in their sectors. We are delighted to continue our partnership with Sagard NewGen and the company's management to accelerate FuturMaster's international growth.’
About FuturMaster
FuturMaster, a pioneer in supply chain planning, is a SaaS software provider that, for over 30 years, has been helping companies optimize their operations, from end-to-end supply chain planning to revenue optimization. Innovation is at the core of its strategy, leveraging advanced technologies such as artificial intelligence, digital twin modeling, and operational research. In 2024, FuturMaster introduced Forecast At Scale, a solution designed to enhance the accuracy of large-scale forecasting, and Network Insight Graph, an analysis tool that strengthens supply chain resilience and performance. Trusted by over 650 clients across 90 countries, FuturMaster empowers businesses to turn operational complexity into a competitive advantage in a volatile and uncertain world.
Sagard NewGen supports the development of leaders in the Technology and Healthcare sectors. We finance expansion strategies of European, profitable companies with sales of up to €200m that share a DNA of innovation and sustainability, through majority or minority equity investments.
Sagard NewGen is part of Sagard's international platform, which has assets under management of over $25bn across 6 strategies covering the full range of financing needs of growth companies. Leveraging flexible capital, an entrepreneurial culture and a global network, Sagard provides management teams with tailor-made support, a high value-added ecosystem and international reach, with 7 offices in Europe, North America and Abu Dhabi.
Cathay Capital is a private equity and venture capital firm that supports companies in Europe, North America, and Asia. Cathay Capital helps companies at all stages of development, from start-ups to mid-sized companies, to unlock growth opportunities, drive international expansion, and enable sustainable transformation. With its international reach and deep local expertise, its platform connects people – investors, entrepreneurs, management teams, and leading corporations – to share knowledge and resources, fostering the evolution and transformation of businesses. Founded in 2006 with a strong entrepreneurial heritage, Cathay Capital now manages more than 6 billion euros in assets and has completed more than 280 investments in sectors such as healthcare, technology, and consumer goods from its offices in Paris, New York, San Francisco, Munich, Berlin, Madrid, Shanghai, Beijing, and Singapore.
FuturMaster: Bo Zhou, Yacine Zeroual Sagard NewGen: Guillaume Lefebvre, Bérangère Barbe, Jan Kinsky, Louis Gosselin, Michel Bsarini Cathay Capital: Jérémie Falzone, Maximillian Gairard, Marc Lin
FuturMaster advisors
M&A sell-side: Bryan Garnier (Thibaut De Smedt, Stanislas de Gmeline, Thomas Normand, Emile Neyret) Lawyers: Hogan Lovells (Stéphane Huten, Florian Brechon) Financial due diligence: Alvarez & Marsal (Samih Hajar)
Sagard NewGen advisors
M&A buy-side: Sycomore (Tristan Dupont) Corporate lawyers: Paul Hastings (Olivier Deren, Vincent Nacinovic, Adèle Patinier) Taw Lawyers: Paul Hastings (Charles Filleux-Pommerol, Laetitia Mingarelli) Strategic due diligence: Software Club (Maxence Vanheuverswyn, Marin Butori, Ali Sghir) Financial due diligence: Alvarez & Marsal (Benoît Bestion, Hugo Wandels) Technologic due diligence: Akvize (Mickael Maindron, Adrien Della Gaspera, Romain Barbu) legal, tax and employment due diligence: Paul Hastings, Alvarez & Marsal Financing: Rothschild & Co (Grégory Fradelizi, Nicolas Levy, Marie-Hermine Gouiffes Natali)
TUSTIN, Calif.--(BUSINESS WIRE)--Sagard Real Estate, formerly EverWest Real Estate Investors, a leading firm in real estate investment, announced today the sale of Tustin Financial Plaza, a prominent office campus located in Tustin, Orange County, California. The transaction, valued at $27.5 million, advances Sagard's ongoing strategy to reduce office exposure within its portfolio, aligning with the firm's long-term focus on industrial and multifamily investments.
"We continue to execute our strategy of reducing office sector exposure," said John Maurer, Head of Equity at Sagard Real Estate. "This sale is another step in our broader portfolio repositioning, with a clear focus on industrial and multifamily sectors that we believe are well-positioned for strong, long-term performance. We are committed to enhancing value for our investors by aligning our portfolio with market opportunities."
Tustin Financial Plaza consists of five buildings, encompassing over 185,000 square feet of office space. The campus, strategically located along 17th Street, benefits from its proximity to major freeways and local amenities, making it a prime location within the competitive Orange County market.
Tustin Financial Plaza was originally acquired in August 2006 by Sagard Real Estate’s flagship fund. The decision to divest this office property reflects Sagard’s adaptive investment approach, responding to evolving market conditions.
Sagard Real Estate, known for its expertise in managing diversified real estate funds and separate accounts, remains focused on building resilient portfolios that deliver sustainable growth. With the office sector facing ongoing headwinds, this transaction underscores the firm’s ability to optimize its holdings through asset dispositions and capitalize on sectors poised for continued demand.
About Sagard Real Estate
Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, asset management, development, and property management for investors. With $4.7 billion in assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and commingled funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information, visit www.sagard.com/realestate.
About Sagard
Sagard is a global multi-strategy alternative asset management firm with over US$25B under management, 150 portfolio companies, and 400 professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. Our firm has offices in Canada, the United States, Europe, and the Middle East.
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Paris, October 8, 2024 - Sagard NewGen announces the acquisition of a majority stake in kShuttle, a leading provider of Software-as-a-Service (SaaS) financial and ESG regulatory reporting software, alongside the management team. This investment will support the company's ambition to become a European leader.
Founded in 2016, kShuttle provides a SaaS software suite dedicated to regulatory reporting, offering several modules (IFRS16, CSRD, carbon footprint calculation and management, EU Taxonomy, etc.). These solutions enable CFOs and CSOs of large companies and SMEs to comply with current and future financial and sustainability standards.
The application of European directives on sustainability reporting is redefining the processes and management of ESG data for 55,000 companies in Europe. kShuttle, a pioneer in the development of CSRD (Corporate Sustainability Reporting Directive) reporting software, is ideally positioned to benefit from a fast-growing market, driven by an equipment phase. The company has created a performance management platform enabling companies to meet regulatory requirements and take their transformation one step further. Thanks to the implementation of a new integrated information system (‘I.S.’) known as the ‘sustainability ‘I.S.’, the platform facilitates interoperability with customers' systems and streamlines their data (qualitative, quantitative, narrative, etc.) management processes. It offers improved traceability of extra-financial data, optimized processes directly linked to the Finance department, and a global approach to manage company performance.
kShuttle employs 150 people, more than a third in R&D, and has offices in France, Luxembourg, Austria, Morocco and Tunisia. The company serves more than 160 customers in France and abroad, and benefits from a solid network of partners. It is renowned for the technical level of its R&D team, flawless project execution and high customer satisfaction. In 2024, kShuttle will generate sales of over €14 million, growing at 30% per year.
Sagard NewGen will use its international network and experience in supporting fast-growing and profitable B-to-B software companies to support kShuttle's European development.
Ména Dogan, co-founder and CEO of kShuttle, said: “We are delighted to welcome Sagard NewGen as a partner as we write the next chapter of our development together. Sagard's international reach, SaaS expertise and strong network will enable us to consolidate our leading position in France, while accelerating our growth on a European scale.”
Bérangère Barbe and Guillaume Lefebvre, partners at Sagard NewGen, added: “We are very excited to be joining forces with Ména Dogan and the kShuttle management team to accelerate the company's expansion in France and Europe. We have been impressed by kShuttle's rapid development and the richness and robustness of its technology. With the convergence of financial and extra-financial (ESG) reporting requirements, we are convinced that the kShuttle platform offers a unique value proposition for companies having to comply with these different standards”
Sagard NewGen aims to support the development of leaders in the Technology and Healthcare sectors. We finance expansion strategies of European, profitable companies with sales of up to €200m that share a DNA of innovation and sustainability, through majority or minority equity investments.
Sagard NewGen is part of Sagard's international platform, which has assets under management of over $25bn across 6 strategies covering the full range of financing needs of growth companies. Leveraging flexible capital, an entrepreneurial culture and a global network, Sagard provides management teams with tailor-made support, a high value-added ecosystem and international reach, with 7 offices in Europe, North America and Abu Dhabi.
