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Bregal Sagemount Invests in ASI, Provider of Software to Nonprofits

January 8, 2016

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Bregal Sagemount, a New York private equity firm, has invested in Advanced Solutions International to help the provider of software for associations and nonprofits to expand.

Advanced Solutions, or ASI, based in Alexandria, Virginia, provides a cloud-based “engagement management solution” that allows organizations to engage members on mobile devices. The company has ASI has had nearly 4,000 clients since it started in 1991, and it has offices in the U.S., United Kingdom, Canada and Australia.

Bregal Sagemount has $650 million in committed capital and targets companies in high-growth sectors, including software, digital infrastructure, health care IT and services, business and consumer services, and financial technology for specialty finance. The PE firm invests $15 million to $150 million per transaction. Its investment in ASI will be used to strengthen the company’s market position, expand product offerings and support growth initiatives.

Terms of the deal were not disclosed. Daniel Kim, a partner at Bregal Sagemount, and Adam Fuller, a principal, will join ASI’s board of directors.

Bregal Sagemount made two other investments recently. In May, the private equity firm made a two-for-one acquisition, picking up Discovery Data Inc., which provides data on retail financial services firms, from the Ipreo LLC software company, and at the same time Discovery Data acquired Meridian-IQ, provider of online databases and adviser market information, from AIQ Inc. In April, Bregal Sagemount invested in Internet Truckstop Group, provider of mobile fleet management, load reporting and freight payment services for transportation companies.

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