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Desmarais Family s Sagard Pushes for Growth With Private Retail Funds
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Desmarais Family s Sagard Pushes for Growth With Private Retail Funds
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Power Corp.âs Sagard Raises $650 Million for New Credit Fund
Dec 17 2020, 9:07 AM
December 16 2020, 10:30 AM
December 17 2020, 9:07 AM
(Bloomberg) Sagard Holdings, a unit of the billionaire Desmarais familyâs Power Corp. of Canada, raised $650 million for its second private credit fund as it seeks to capitalize on the recent market upheaval.
(Bloomberg) Sagard Holdings, a unit of the billionaire Desmarais familyâs Power Corp. of Canada, raised $650 million for its second private credit fund as it seeks to capitalize on the recent market upheaval.
Sagard Credit Partners II will stay open for new commitments through next year, Chief Investment Officer Adam Vigna said in an interview, adding that he expects it to grow to $1.1 billion by the second quarter. The fund has a hard limit of $1.3 billion and targets returns of 12% to 14% a year, he said.