Garnett Station Partners, a New York-based principal investment firm, announced the closing of GSP 5.0 Fund, L.P., with a total committed capital of $1.2 billion. GSP now manages over $3.5 billion in assets. Fund 5 was significantly oversubscribed and closed at its hard cap in a four-month fundraise, with commitments from a diverse group of new and existing investors.
With Fund 5, GSP will continue executing its focused investment strategy, partnering with exceptional founders and management teams to scale businesses across its core sectors of consumer and business services, health and wellness, automotive, and food and beverage. The successful close of GSP’s fifth fund (and largest fund to date) shows sustained investor confidence in the firm’s investment strategy and value creation playbook.
Since launching in 2013, Garnett Station Partners has become the partner of choice for multi-unit and consumer services businesses. It provides the capital and strategic expertise necessary to streamline business operations, scale faster, and better serve customers.
Kirkland & Ellis served as legal partner for the fund and Houlihan Lokey acted as exclusive placement agent for the fund.
KEY QUOTES:
“All of us at GSP would like to thank our Limited Partners for their support and partnership. In a highly competitive fundraising environment, the closing of our fifth fund at the hard cap is testament to the quality of our investment platform and our team. GSP is well-positioned to continue investing capital, building new platforms and helping our partner companies reach their full potential.”
– Alex Sloane, Managing Partner and Co-Founder of Garnett Station
“We have a lot to celebrate as a firm. Our investment portfolio consists of best-in-class businesses and is backed by investors who continue to reaffirm our model and strategy. We benefit from our rigorous commitment to the GSP core values, our world-class team of investment professionals and the quality of the relationships we’ve developed, both with our investors and the companies we partner with. We look forward to continuing to drive transformational growth across our portfolio and delivering returns to our Limited Partners.”
– Managing Partner and Co-Founder, Matt Perelman
