Sagard Credit Partners holds US$1B first close for third private credit vintage (opens in a new tab)
The third mid-market direct lending fund drew over US$1 billion from 16 LPs toward a US$2 billion goal.
Private Equity · Private Credit
Montreal-based multi-strategy alternative manager spanning venture, private equity, private credit and real estate
Sagard is a global alternative asset manager founded in 2016 that invests across venture capital, private equity, private credit and real estate, and also offers private wealth management through Sagard Wealth. It has grown quickly through acquisitions of investment platforms such as Performance Equity Management, BEX Capital and Unigestion's private equity business. Its private credit platform includes Sagard Credit Partners, a Toronto-led opportunistic direct-lending strategy for mostly non-sponsored mid-market borrowers in Canada and the US, whose third fund held a US$1 billion first close in July 2026. Power Corporation of Canada is its controlling shareholder, alongside minority investors.
2 interview reports0 open roles4 deals9 people31 sources
Early- and growth-stage investing through platforms including Portage Ventures, Portage Capital Solutions and the venture studio Diagram; a dedicated AI fund was added in 2026.
Mid-market buyout and growth investing via Sagard Private Equity Canada, Sagard MidCap and NewGen in Europe.
Fund-of-funds, co-investment and secondaries platform built from Performance Equity Management, BEX Capital and Unigestion's PE arm; manages roughly US$23 billion.
Direct lending and specialty credit. The flagship strategy, Sagard Credit Partners (SCP, started 2016 and led from Toronto by Portfolio Manager Mustafa Humayun with CIO Adam Vigna), directly originates first- and second-lien and other bespoke loans of roughly $10–250M for mostly non-sponsored mid-market companies (EBITDA about $10–200M) in Canada and the US; it has deployed over US$1.9B, and SCP III held a US$1B first close in July 2026. Sister strategies include Senior Lending Partners (sponsor-market first-lien lending; US$741M inaugural fund), the evergreen Sagard Private Credit Fund for Canadian accredited investors, Healthcare Partners and HalseyPoint (CLOs).
U.S. real estate investment advisor and operator (Sagard Real Estate, formerly EverWest) covering acquisitions, asset management, development and property management; about US$6.1 billion of AUM per its official page.
Private wealth management business serving high-net-worth clients in Canada.
| Montreal | QC | headquarters |
| Toronto | ON | office |
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From the inside
Reasons that work in interviews
4 reasons for Sagard
Building a multi-strategy alternatives platform out of Canada, spanning private equity, private credit, royalties, venture and wealth, which is a rarer build than another buyout fund.
Power Corporation backing gives permanent capital behind the growth, so the expansion is funded rather than fundraised each time.
The platform is young enough that an early joiner sees strategies being launched rather than run.
Montreal and Toronto presence with international reach into the US and Europe.
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How juniors get in
Sagard Private Equity Canada takes second- and third-year business undergrads as summer interns in Montreal and Toronto and hires Associates with two to four years of banking, consulting or accounting; no Canadian new-graduate analyst role was found.
Green: evidence it does. Struck through: evidence it doesn’t. Dashed: no public evidence either way.
Each row is a start season; the bars are when you apply. The track starts this month, so how far right a bar sits is how far off it is.
Provider of clinical trial equipment rental, sales and inventory management for CROs and life sciences companies.
HealthcareSince 2026
Canadian investment and wealth manager serving individuals, families, foundations and pension plans.
Financial ServicesSince 2025
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Industrial ServicesSince 2025
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SaaS order and warehouse management software for retail and industrial companies.
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SaaS provider of financial and ESG regulatory reporting software.
SoftwareSince 2024
Tech-enabled digital acquisition agency covering search, social, data and display in Europe and the US.
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Supply chain planning and revenue growth management software provider.
SoftwareSince 2024
Italian equipment rental company focused on aerial work platforms and lifting equipment.
Business ServicesSince 2024
Manufacturer of prefabricated walk-in coolers and freezers, insulated doors and insulated metal panels.
Industrial & Business ServicesBoucherville, QCSince 2023
French designer and manufacturer of custom electronic systems combining hardware and embedded software.
Software, Technology & IT ServicesSince 2023
French strategic intelligence group covering business integrity, compliance, security and economic diplomacy.
Business ServicesSince 2022
European digital transformation consultancy covering data/AI, cybersecurity, cloud and business consulting.
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Distributor of fresh fruits and vegetables across Eastern Canada and the US East Coast.
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Provider of software and services for corporate governance and legal operations.
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Maker of technical consumables such as cutting blankets, belts and tools for the corrugated packaging industry.
IndustrialSince 2022
Electronic trading automation software for banks, brokers and exchanges.
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IT servicesSince 2022
French video game development studio.
Technology-enabled ServicesSince 2021
French engineering group specialized in soil, water, materials and environmental testing.
Business servicesSince 2021
French developer of natural animal health products.
HealthcareSince 2021
Quebec-based renter of heavy machinery, specialized equipment and tools with locations in Quebec and Ontario.
Industrial ServicesSince 2021
Independent French provider of cybersecurity services.
IT servicesSince 2021
Co-Founder, Chairman and CEO
Executive Committee
Has led Sagard as Co-Founder, Chairman and CEO since its 2016 launch, overseeing its expansion across North America, Europe and the Middle East. Also chairs Wealthsimple, Novisto and Sagard Wealth and sits on the board of Empower.
Co-Founder and Chief Investment Officer
Executive Committee
Co-founder, Managing Partner and CIO of Sagard since 2016, involved in all platform investment decisions and also CIO of Sagard Credit Partners; based in Toronto. Previously spent nearly a decade at CPP Investments, where he was Global Head of Principal Credit Investments, after Goldman Sachs' Special Situations Group.
Managing Partner, Sagard and CEO, Sagard Private Equity
Executive Committee
Managing Partner of Sagard and CEO of Sagard Private Equity, based in Montreal, who also oversees the firm's global expansion including M&A and strategic partnerships. Previously President and COO of Cirque du Soleil Entertainment Group and a Senior Partner during 14 years at McKinsey & Company.
Managing Partner and CEO, Portage
Executive Committee
Co-founder and CEO of Portage, Sagard's fintech-focused venture and growth platform, and a Managing Partner and Management Committee member at Sagard. Previously founded and led Horizons Exchange Traded Funds and began his career at CIBC World Markets.
Chief Executive Officer and Sagard Partner, Sagard Real Estate
Executive Committee
Directs the business and investment strategy of Sagard Real Estate. Founded Alliance Commercial Partners in 1997, which became EverWest in 2013 and Sagard Real Estate in 2023; earlier Vice Chairman of The Galbreath Company.
CEO and Head of Quebec, Sagard Wealth
Executive Committee
Leads Sagard Wealth (formerly Grayhawk Wealth), serving families on wealth planning and investing. Previously a Senior Vice President at Lombard Odier heading its French desk in London, and earlier a senior private banker at Pictet in Paris.
Partner and Portfolio Manager, Sagard Credit Partners
Sagard Credit Partners
Co-founded Sagard's credit platform in 2016 and leads the North American credit investment team from Toronto, covering strategy, origination, underwriting and portfolio management. He sits on Sagard's opportunistic credit, senior lending and private equity investment committees. He was previously a Managing Director at CPP Investments, where he ran its Latin American credit business, and earlier was in Goldman Sachs' Special Situations Group.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Dec 2025
Dayna KleinmanHire
Managing Director, Head of U.S. Wealth
Monroe Capital → Sagard
Hired from Monroe Capital to build and distribute Sagard products for the U.S. wealth channel, based in Chicago.
Sep 23, 2025
Bernard SabrierAppointment
Vice Chairman, Sagard Board; Chairman of the combined private equity platform
Unigestion → Sagard
Announced as Chairman of the new Sagard–Unigestion private equity platform and incoming Vice Chairman of Sagard's board as part of the combination.
Sep 16, 2025
Mark BigarelPromotion
President, Sagard Real Estate
Sagard Real Estate → Sagard Real Estate
Elevated to President of Sagard Real Estate, overseeing daily operations and investor relations, as part of a succession-oriented leadership update in which Rick Stone stayed on as CEO.
Jul 15, 2026
Sagard Credit Partners III
Fund manager · Private Credit
First close of Sagard's third direct lending fund at over US$1 billion from 16 institutional LPs, toward a US$2 billion target; about US$135 million had already been deployed across three loans.
Sep 23, 2025
Unigestion Private Equity Holding SA (private equity business of Unigestion)
Acquirer · Asset Management
Buyer Sagard · Seller Unigestion
Sagard combined Unigestion's roughly US$12.5 billion private equity business into Sagard Private Equity Solutions, creating a platform of about US$23 billion and lifting Sagard's AUM to roughly US$45 billion; Unigestion's non-PE businesses were excluded.
Apr 16, 2025
BEX Capital
Acquirer · Asset Management
Buyer Sagard
Sagard agreed to take a strategic stake in BEX Capital, a French private equity secondaries specialist with more than US$2 billion in assets; terms were not disclosed.
Dec 6, 2023
Performance Equity Management
Acquirer · Asset Management
Buyer Sagard
Sagard acquired a strategic stake in Performance Equity Management (about US$8.9 billion AUM at signing), completing in 2024; PEM was rebranded as Sagard Private Equity Solutions in November 2025.
The third mid-market direct lending fund drew over US$1 billion from 16 LPs toward a US$2 billion goal.
Sagard completed folding Unigestion's private equity arm into its PE solutions platform, which now oversees more than US$23 billion.
Trade press reported Sagard hired Monroe Capital's Dayna Kleinman to lead its push into the U.S. wealth channel from Chicago.
Performance Equity Management took the Sagard Private Equity Solutions name, completing its integration.
Agreed to combine Unigestion's private equity business into Sagard, targeting about US$44 billion in total AUM after closing.
Sagard agreed to buy a strategic stake in French secondaries manager BEX Capital, which manages over US$2 billion.
Sagard Senior Lending Partners' first fund beats its US$600M target, adding first-lien sponsor-market lending alongside SCP.
Expands the broader Sagard credit platform into CLOs; together the platform managed about US$6B by March 2024.
The second Sagard Credit Partners fund closes; Sagard says it has since fully deployed its committed capital.
Mustafa Humayun co-founds Sagard's credit platform; Adam Vigna becomes Sagard's co-founder and CIO the same year.
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Sagard · Jul 15, 2026 · sagard.com
Power Corporation of Canada · May 20, 2026 · powercorporation.com
Sagard · Apr 8, 2026 · sagard.com
Power Corporation of Canada · Mar 18, 2026 · powercorporation.com
Sagard · Nov 19, 2025 · sagard.com
Sagard · Sep 23, 2025 · sagard.com
Sagard · Sep 16, 2025 · sagard.com
Sagard · May 30, 2024 · sagard.com
Sagard · Dec 6, 2023 · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard · Date unavailable · sagard.com
Sagard (Workday) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
Sagard · Date unavailable · sagard.com
Réseau Capital · Date unavailable · reseaucapital.com
Sagard (Workday careers) · Date unavailable · sagardholdings.wd10.myworkdayjobs.com
WealthManagement.com · Dec 9, 2025 · wealthmanagement.com
Alternatives Watch · Apr 16, 2025 · alternativeswatch.com
The Globe and Mail · Date unavailable · theglobeandmail.com
McCarthy Tétrault · Date unavailable · mccarthy.ca
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Winter 2027
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Posting open Sep to Oct; Interviews Oct to Nov; Offers Nov to Dec.Summer 2027
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Posting open Sep to Oct; Interviews Nov; Offers Dec.Fall 2027
Apply from May 2027
Posting open May to Jun; Interviews Jun to Jul; Offers Jul to Aug.Programs
Internship (Summer and Winter terms) · Montreal or Toronto
Interns support the Canadian mid-market PE team across sourcing, due diligence, valuation, modelling, IC materials and portfolio monitoring; the summer term runs May to August and targets 2nd/3rd-year business students, with French and English required in Québec.
Investment Intern · Toronto
Sagard posts investment internships in Toronto under its Portage platform, including Portage Capital Solutions and Portage Ventures. Terms run both summer and off-cycle; recent postings have been eight months rather than four.
Intern · Toronto (hybrid, downtown)
An eight-month off-cycle term for current undergraduates, observed running January to August 2027 at CAD$90,000 a year pro rata, hired on a rolling basis rather than to a cycle. Worth knowing that the off-cycle terms here are long ones.
Typical background
GuidanceOne prior internship: a boutique bank, a small fund, transaction services, or a pension co-op.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
Mid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Sagard is hereSmall-cap private equity, boutique managers and early-stage VC
Where people go next
Guidance
Partner, Sagard Credit Partners
Sagard Credit Partners
New York-based SCP partner who sources, underwrites and structures investments. He spent over eight years as a Managing Director in Future Standard's Global Credit group focused on opportunistic and distressed credit, after roles at Magnolia Road Capital, Strategic Value Partners, Silver Point and Goldman Sachs' Special Situations Group. He holds MIT degrees in mechanical engineering.
Partner, Sagard Credit Partners
Sagard Credit Partners
Joined Sagard in 2024 and invests in non-sponsored North American mid-market credit from Los Angeles, covering origination through portfolio management. He spent over 17 years at PIMCO, most recently as SVP and Portfolio Manager in its distressed and private credit group, and served on the boards of Just Energy and Texgen Power.
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Summer 2027
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Fall 2027
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