Sagard Announces Strategic Partnership with BEX Capital to Strengthen Private Equity Secondaries Offering

Following this strategic partnership with a secondaries platform,Sagardnow offers a full suite of private equity solutions and expands its global investment footprint

MONTREALandNICE, France,April 16, 2025/PRNewswire/ --Sagard, a global alternative asset manager with overUS$27Bof assets under management, announced today that it has signed a definitive agreement to acquire a strategic stake in BEX Capital, a specialized secondaries investment firm with overUS$2Bof assets under management. This partnership marks a significant step inSagard'sexpansion into private equity secondaries, reinforcing its position as a leading provider of alternative investment solutions.

BEX Capital will bring its deep expertise in fund-of-funds secondaries toSagard'sexisting offering in primaries, co-investments, and secondaries within the Sagard Private Equity Solutions platform.

"BEX has built a remarkable franchise in the secondaries market, with a loyal and diversified investor base and a strong track record of performance. By joining forces, we will enhance our ability to deliver innovative and high-performing secondaries solutions to institutional and private high-net-worth investors worldwide,"saidPaul Desmarais III, Chairman and CEO atSagard.

The partnership will enable the creation of a scaled, diversified private equity offering. BEX's expertise in acquiring secondary interests in fund-of-funds, secondary funds, and co-investment vehicles will complementSagard'sexisting private equity strategies, allowing for greater investment opportunities and broader investor reach.

"BEX's specialized approach and disciplined investment strategy complementSagard'sbroader private equity expertise, creating new opportunities for growth and innovation. We look forward to working together to deliver enhanced value to our investors and partners,"saidJonathan Tetrault, Managing Partner atSagardand CEO of Sagard Private Equity Solutions.

BEX's current leadership team will continue to manage day-to-day operations, including investment activities, independently, ensuring the continuity of the investment strategy and relationships with clients, fund-of-funds managers, and secondary fund managers, while benefiting fromSagard'sglobal footprint and resources.

"This exciting partnership will enable us to scale our business while staying true to our core investment philosophy and privileged relationships with our investors and partners. By partnering withSagard, we gain access to expanded resources, a broader investor network, and enhanced strategic capabilities. This will allow us to develop innovative secondaries solutions, while reinforcing our position as a specialist in the secondaries market,"saidThomas Carbonel, Partner at BEX Capital.

The transaction is expected to close in the coming weeks, subject to regulatory approvals and customary closing conditions. BEX Capital will be co-branded withSagardto reflect its new strategic partnership.

About BEX Capital

BEX Capital is an independent asset management firm specializing in private equity secondaries, founded in 2010 with offices inNiceandNew York. BEX Capital is the first and only secondaries investment firm solely and entirely dedicated to the acquisition of positions in global private equity fund-of-funds, secondary funds and co-investment funds. BEX Capital now has overUS$2 billionof capital under management.

For more information, please visitwww.bexcapital.com.

AboutSagard

Sagardis a global multi-strategy alternative asset management firm with overUS$27Bunder management, 150 portfolio companies, and 400 professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. Our firm has offices inCanada,the United States,Europeand theMiddle East.

For more information, visit www.sagard.comor follow us onLinkedIn.

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