GI Partners closes Fund IV at USD2bn
GI Partners, a middle market private equity firm, has completed the final closing for GI Partners Fund IV at the fund's USD2 billion hard cap, surpassing its USD1.5 billion fundraising target.
Fund IV will continue the investment strategy GI has pursued since inception, and focus primarily on control-oriented, deep value investments in North American middle market companies.
Rick Magnuson, founder and executive managing director of GI Partners, says: "We are grateful for the strong support from our existing investors and are very pleased to welcome a highly regarded set of new investors to GI. We believe the interest expressed by our limited partners demonstrates their appreciation of GI's experienced team, deep sector knowledge, and unique position in the middle market landscape."
Fund IV investors include a broad group of domestic public and corporate pension plans, sovereign wealth funds, funds of funds, foundations, and family offices.
GI's Fund IV managing directors are Howard Park, Hoon Cho, Alexander Fraser, and Greg VandenBosch.
Within its private equity efforts since inception, GI has managed USD6 billion across four private equity funds and invested in 38 platform investments.
UBS Securities served as placement agent for GI Partners. Kirkland & Ellis served as legal counsel.
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