Blue Sage Capital

Blue Sage Capital, L.P. is a private equity firm based in Austin, Texas, founded in 2003. The firm specializes in investing in smaller middle-market companies across various industries, including industrial, distribution, business services, healthcare, manufacturing, energy, consumer, and media. Blue Sage primarily targets established and profitable businesses with revenues ranging from $20 million to $125 million and cash flows between $3 million and $12 million at the time of investment. Typical investments range from $20 million to $40 million, with the possibility of co-investing for larger transactions. The firm seeks to acquire minority, majority, or control positions in its portfolio companies and aims for board representation. Investments are usually held for five to eight years, utilizing equity, coupon-bearing securities, and occasionally subordinated debt with warrants. Blue Sage Capital manages over $250 million across two funds and operates additional offices in Albuquerque, New Mexico.