Sagard Holdings raises $545m

The Toronto-based private debt investment manager surpassed fundraising target of its first debt fund.

Sagard Holdings has raised a total of $545 million for its private credit vehicle, Sagard Credit Partners.

The fund targeted to raise $500 million for credit investments, including term loans, high-yield bonds and mezzanine financings, in North American mid-market companies.

The fund reached the first close in January and is still accepting commitments from investors until the end of 2018.