Blue Sage Capital, a leading lower-middle market private capital firm, today announced the first and final close of the Blue Sage Strategic Credit Fund, L.P., at $287 million, including a substantial commitment from the General Partner. This fundraising occurred only months after Blue Sage announced the closing of its $618 million flagship buyout fund, Blue Sage Capital IV. The Fund was significantly oversubscribed, closing above its initial target of $150 million and initial hard cap of $262 million. Blue Sage structured the new fund as a Small Business Investment Company (SBIC) and limited the fund size to maintain its lower-middle market focus. Blue Sage is backed by a global group of Limited Partners, including well-known college/university endowments, charitable foundations, pension funds, large family offices, insurance companies, and entrepreneurial individuals. Several of the Limited Partners have now partnered with Blue Sage across multiple prior funds, some going back to the firm’s founding almost 25 years ago.

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