Partnership
Every step of the way — from our Roundtable investment structure to our interactions with management teams
Investors
Sage Capital is currently investing capital on behalf of The Sage Capital Investors Roundtable IV, LLC (the “Roundtable”), a committed fund whose investors are comprised of current and retired executives, their families and the principals of Sage Capital. The Roundtable’s investing partners – all individuals – bring together a formidable track record as managers and investors in businesses across a broad array of industries in manufacturing, wholesale, retail, finance and business services.
The Roundtable differs from a traditional private equity fund in certain key respects, endeavoring to be a partner of choice for management and owners of lower-middle market businesses. Distinguishing hallmarks of the Roundtable include:
Experience
Current and retired executives who contribute judgment in addition to capital.
Alignment
Sage Capital's partners provide 15% of the capital, believing that meaningful “skin” in the game is key to alignment.
Engagement
Active participation is enshrined in the Roundtable’s governance and economics.
Fees
We do not charge fees on committed capital until it is invested, and fees are paid by portfolio companies, not investors.
Long Term
The fund has no liquidation date and can own investments indefinitely.
Taxation
As individuals, the Roundtable can own single-tax entities like LLCs and S-corps.
Managers & Owners
We apply a partnership approach to everything we do, from our Roundtable investment structure to our interactions with management teams. Our style will not fit everyone, but the principles by which we aim to operate (and which we look for in others) are centered upon:
Reliability
Say what we mean and do what we promise.
Fairness
Treat everyone using the same standards.
Transparency
Foster an open exchange of information and apply best practices in reporting.
Alignment
Seek economic alignment among stakeholders where ever possible.
Accountability
Take ownership of problems and encourage others to do the same.
Advisors
We greatly appreciate the constructive role that M&A advisors and other professionals play in private equity transactions – on either side of the table. We welcome any and all new investment ideas from advisors, other professionals and managers alike, and endeavor to respect their time by responding promptly and thoughtfully.
Finders
We believe in rewarding those who make a positive contribution, and we will pay finders’ fees to professionals who do not represent the seller but are instrumental in bringing us an investment we would not otherwise have an opportunity to see. See below for a template agreement.
Lenders
We look for senior and subordinated lenders who share our values and approach to business. Consistent with our overall philosophy, we believe that a good credit relationship involves more than money and pricing. Quality matters. We value the industry expertise that our financing partners can offer, and we respect perspectives that may not coincide with our own because they provide us an opportunity to listen and learn.
