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    Home»Fundraising»Sagard Reaches Final Close On $1.17 Billion Private Debt Fund
    Fundraising

    Sagard Reaches Final Close On $1.17 Billion Private Debt Fund

    June 16, 2022Updated:June 16, 20221 Min Read
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    Toronto-based alternative asset manager Sagard Holdings Inc. has raised about $1.17 billion for its second private debt fund from institutional and strategic investors across the US, Canada and Europe. 

    The Sagard Credit Partners II vehicle is targeting an internal rate of return of between 10-12%, well above the yield on the Bloomberg US Corporate High Yield Bond Index which scraped 8.49% Tuesday — the highest since April 2020. 

    Sagard closed its inaugural $557 million SCP I fund in December 2018. It had aimed for a $1.1 billion raise for its SCP II vehicle. 

    Read more: BNN Bloomberg

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