Broad Institutional Backing
The fund drew support from a wide array of institutional investors, including public and private pension plans, sovereign wealth funds, endowments, family offices, insurers and other large allocators. Leonard Green said its own partners also made a “meaningful” commitment to the program.
Garrett Hall, who serves alongside Fox as co-head of the fund, said the response reflected confidence in the firm’s long-term approach.
“We are humbled by the trust our limited partners have placed in us,” Hall said. He described Sage as a patient, collaborative partner built to support standout companies and sponsors while delivering strong returns.
A Firm With Deep Roots
Founded in 1989, Leonard Green manages more than $75 billion in assets and has completed over 160 investments across a wide spectrum of strategies. Those include traditional buyouts, take-private deals, recapitalizations, growth equity investments and selective public equity and debt positions.
Legal Advisers
The Kirkland & Ellis team advising Leonard Green included investment funds partners John Senior, Ramen Costa and Jordan Murray; tax partners Lee Morlock and Michael Greenberg; investment funds regulatory partners Nabil Sabki and John Reinert; and ERISA partners Sabrina Glaser and Joseph Lifsics.
