Eq­uity firm tar­gets success

Austin’s Blue Sage ex­pects to dole out $150 mil­lion to firms in Texas, South­west.

Austin American-Statesman - - BUSINESS - By Lori Hawkins lhawkins@states­man.com Eq­uity

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-

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