Kirkland Advises Blue Sage Capital on Oversubscribed and Over Hard Cap Fund IV

Kirkland & Ellis advised Blue Sage Capital, a leading lower-middle market private equity firm, on the final close of Blue Sage Capital IV, L.P., at $618 million including a substantial commitment from the General Partner. The fund was significantly oversubscribed, closing above its initial target of $400 million, initial hard cap of $550 million and more than double its $300 million prior fund size. The fund continues Blue Sage’s strategy of partnering with founders, families and management teams in high-potential lower-middle market businesses. As with prior Blue Sage funds, Fund IV focuses on investment partnerships with environmental solutions, niche manufacturing and specialty services companies in North America, particularly in Texas, the Southwest and the Midwest.

Read Blue Sage’s press release

The Kirkland team included investment funds lawyers Laura Stake, Reed Schuster and Rachel Chung; and tax lawyers Steve Butler and Grant Newman.