Form D · Private Equity Fund

SAGE EQUITY INVESTORS-N, L.P.

Los Angeles, CA · CIK 0002038538

Offering snapshot reported Aug 13, 2025 · SEC filing

Reported sold: $2.28B
Investors reported: Not reported
Minimum accepted: Not reported
First sale: Not reported

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Aug 13, 2025	Amendment	$2,280,894,650	No comparison	Not reported	SEC filing
Sep 26, 2024	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Not reported
Exemptions: Not reported
Duration over one year: Not reported
Business combination: Not reported

Sales commissions: Not reported
Finders' fees: Not reported
Form D file number: 021-525120

Source: Form D, filed Aug 13, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

SAGE EQUITY INVESTORS-N, L.P.

Investment adviser: LEONARD GREEN & PARTNERS, L.P.

Gross asset value: $395M
Beneficial owners: 4
ADV minimum commitment: $0

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SEI GLOBAL SERVICES, INC. OAKS, Pennsylvania, United States Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor KPMG, LLP LOS ANGELES, California, United States Other funds reporting this name →

Custodian WELLS FARGO BANK, N.A. SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

KPMG, LLP
PCAOB 185

WELLS FARGO BANK, N.A.
LEI KB1H1DSPRFMYMCUFXT09

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2024	$404,266,277	4	Mar 31, 2025
2025	$395,487,665	4	Mar 31, 2026

Filing source

Form ADV 2082274 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-8250253340

Reported by LEONARD GREEN & PARTNERS, L.P. (CRD 158164).

Annual Updating Amendment for Registered Adviser · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
John G. Danhakl	Director, Executive
Cody L. Franklin	Executive
Andrew C. Goldberg	Executive, Promoter
N/A Leonard Green & Partners, L.P.	Promoter
Jonathan D. Sokoloff	Director, Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

11111 Santa Monica Boulevard Suite 2000
Los Angeles, CA, 90025
Phone: (310) 954-0444