Gemspring Capital Management, a leader in the middle-market private equity sector, announced the successful closing of its latest fund, Gemspring Growth Solutions II (GGS II). This new fund has achieved $1.1 billion in capital commitments. The fundraising for GGS II was completed in just three months and was oversubscribed, reaching its hard cap in its inaugural and final closing.
GGS II is designed to build on the accomplishments of its predecessor, Gemspring Growth Solutions I, which successfully raised $400 million in 2022. This new fund follows the same investment strategy, focusing on non-control and growth capital investments tailored for middle-market businesses. These investments often allow for flexible financing opportunities, enabling targeted companies to grow and innovate without ceding substantial control to the investment firm.
The capital commitments for GGS II were secured from a diverse array of investors worldwide. This includes prominent pension funds, prestigious endowments, well-respected foundations, family offices, reputable asset management firms, and various other financial institutions. And consistent with past practices, the Gemspring team has made a considerable financial commitment to the fund, representing the largest single investment from the firm itself.
Since launching in 2015, Gemspring has demonstrated remarkable growth and success in the private equity landscape. The firm has expanded its team to 75 skilled professionals and has completed a total of 128 successful acquisitions across its buyout and growth solutions strategies. This growth reflects Gemspring’s commitment to identifying and capitalizing on attractive investment opportunities within the middle market, further solidifying its position as a key player in the private equity arena.
Counsel: Sidley Austin served as legal counsel in the formation of the fund.
KEY QUOTE:
“We are grateful for the overwhelming support from both existing and new limited partners. Their commitment underscores the rising demand for flexible capital solutions that GGS II is designed to meet at scale.”
Bret Wiener, Founder and Chief Executive Officer of Gemspring
