Equity firm targets success
Austin’s Blue Sage expects to dole out $150 million to firms in Texas, Southwest.
Blue Sage Capital has raised a $150 million fund to invest in midsize businesses in Texas and the Southwest.
The Austin-based private equity firm expects to make 10 to 12 investments of $10 million to $15 million each. It will target profitable companies with annual sales of $10 million to $100 million.
A typical deal would involve a self-financed company whose owners are looking for money to expand or who are ready to cash out.
Blue Sage takes a different approach from many private equity firms that focus on a particular area such as technology or health care.
“We are generalists; we don’t have any industry spe-