Ex-Goldman Executive Yoon Starts Private-Equity Fund

Gene Yoon, who left Goldman Sachs Group Inc. in March after five years at the firm, won backing for a $500 million fund that plans to make private-equity investments similar to those he oversaw at his former company.

The money for Bregal Sagemount’s first pool was provided by Bregal Investments and the fund’s management team, Yoon said in a telephone interview today. Bregal Investments, the private-equity division of Zug, Switzerland-based Cofra Holding AG, has invested more than $9 billion since it was created a decade ago, according to a statement today.