#USA #Private Equity #Montreal #Sagard #BEX Capital

Sagard's New Strategic Partnership with BEX Capital

On April 16, 2025, Sagard, a prominent global alternative asset manager, disclosed its intent to strengthen its position in the private equity secondaries market by forming a strategic partnership with BEX Capital. With a robust portfolio boasting over $27 billion in assets under management, Sagard aims to broaden its investment solutions alongside BEX's specialized secondaries capabilities, which are characterized by over $2 billion in their management portfolio.

The collaboration between Sagard and BEX Capital is not merely an acquisition; it represents a decisive move toward integrating innovative investment strategies that cater to a wider array of clients. Paul Desmarais III, Chairman and CEO of Sagard, highlighted the importance of this collaboration, stating, "BEX has built a remarkable franchise in the secondaries market, with a loyal and diversified investor base and a strong track record of performance."

Sagard's current offerings primarily revolve around traditional private equity primaries and co-investments. The incorporation of BEX Capital's secondaries expertise is expected to diversify Sagard's investment strategies significantly, allowing for enhanced opportunities for institutional and private high-net-worth investors around the globe. Jonathan Tetrault, Managing Partner at Sagard, expressed confidence in this strategic alignment, noting that it opens up avenues for growth while enhancing the firm's ability to deliver high-performing secondaries solutions.

BEX Capital, founded in 2010 and headquartered in Nice, France, has established itself as a notable player in the private equity secondaries space. Its specialized focus on fund-of-funds secondaries positions it uniquely, aligning well with Sagard's broader alternative investment strategies. This partnership will create a diversified, scaled private equity offering, ensuring that both companies benefit from expanded resources and capabilities.

The leadership team at BEX Capital will maintain operational independence, managing day-to-day activities and client relationships while leveraging Sagard’s global resources. Thomas Carbonel, a partner at BEX, elaborated on the advantages of this partnership, stating, "This exciting partnership will enable us to scale our business while staying true to our core investment philosophy and privileged relationships with our investors and partners."

Regulatory approvals and customary closing conditions are expected to finalize the transaction in the coming weeks, at which point the firm will co-brand functionalities to reflect their newly forged strategic alliance. This step indicates Sagard's commitment to providing comprehensive solutions that adapt to evolving market demands.

In summary, this strategic partnership between Sagard and BEX Capital marks a significant milestone in both firms' journeys. It reflects a forward-thinking approach to private equity management and positions them for future growth in a competitive market landscape. This partnership is poised not only to enhance investment strategies but also to redefine the service delivery framework for private equity investors worldwide. For those interested in tracking developments in this high-stakes arena, it's a partnership worth observing as both companies work to innovate and expand their impact in the private equity secondaries market.

For further insights on this collaboration and its implications within the financial sector, more details are available on the respective company websites: Sagard and BEX Capital.