Blue Sage Capital Closes $150M Fund

Austin-based private equity investor Blue Sage Capital said today that it has raised $150M in commitments in an oversubscribed, second fund. Blue Sage focuses on growth, recapitalization and buyout financings of smaller middle market companies based in Texas and the Southwest. Blue Sage says it invests in profitable companies with $10M to $100M in revenues, and $3M to $10M in cash flow, with each initial investment between $10M and $15M.