Canadian alternative asset manager Sagard acquired a strategic stake in BEX Capital, a France-based secondaries firm specializing in private equity fund-of-funds, secondary funds, and co-investment funds. This acquisition marks Sagard's significant expansion into the secondaries market, aligning with its strategy to enhance its evergreen product offerings and broaden its alternative investment capabilities.

Legal counsel for the transaction included Finn Dixon & Herling LLP advising Sagard, while Goodwin Procter LLP represented BEX Capital. Berkshire Global Advisors served as the financial advisor to BEX Capital.