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Bregal Milestone Launches With Debut Pan-European Fund

Bregal Investments announced today that it has secured a €400 million capital commitment for Bregal Milestone’s maiden private capital fund. 

Bregal Milestone will make non-control investments in profitable, growing European family and founder-led businesses. The fund has a mandate to provide debt, structured equity and other minority investments tailored to suit the specific needs of each company, and typical commitments range from €20 million to €60 million. The Bregal Milestone team will also provide strategic assistance, putting the firm’s knowledge and relationships to work for the service of its portfolio companies to accelerate growth and create lasting value.

Commenting on the launch of the fund, Managing Partner Jan Bruennler said: "In Bregal we found the ideal partner with a highly successful and differentiated track record backing entrepreneurial investment teams. Their commitment to our fund enables us to accelerate our investment activity in partnership with the family and founder-led European businesses we focus on.  We thank our partners at Bregal Investments for their support. We look forward to building a world-class investment business together."

Bregal Milestone is led by Bruennler, Philippe Lautenberg and Cyrus Shey. Prior to founding the firm, Bruennler was a co-founding partner at Makuria Investment Management, and previously invested in and financed European companies at Och-Ziff and Goldman Sachs.  Lautenberg and Shey were the co-founders and Heads of Credit Suisse's European Middle Market Lending group, having previously held senior investment roles at Credit Suisse and Goldman Sachs, respectively.

Steve Black, Co-CEO of Bregal Investments, added “We are pleased to partner with Jan, Philippe, Cyrus and their team in forming Bregal Milestone. Their strategy of providing debt and non-control flexible capital to growth companies should continue to provide compelling risk-adjusted returns throughout market cycles and will be complimentary to Bregal’s current offerings.  We are confident they will bring to bear their experience and networks for the benefit of Bregal and their investee companies.”