Blue Sage Capital has closed its fourth fund, Blue Sage Capital IV LP, with $618 million of capital, surpassing the original target of $400 million.
The new fund aims to maintain focus on lower-middle market investments in niche manufacturing, environmental solutions, and specialty services industries.
Limited partners include college and university endowments, charitable foundations, pension funds, and large family offices, many of which have a long-standing relationship with Blue Sage.
Blue Sage has raised over $1.2 billion since its inception in 2002 and is committed to generating strong returns for its limited partners.