Garnett Station Partners Closes Fund 5.0 with $1.2 Billion in Committed Capital
NEW YORK – Garnett Station Partners (“Garnett Station” or “GSP”), a New York-based principal investment firm, today announced the successful close of GSP 5.0 Fund, L.P. (“Fund 5”), with 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 both new and existing investors.
With Fund 5, GSP will continue to execute its focused investment strategy, partnering with exceptional founders and management teams to scale businesses across its core sectors of consumer and business services, health & wellness, automotive and food & beverage. The successful close of GSP’s fifth fund – and largest fund to date – demonstrates sustained investor confidence in the firm’s investment strategy and value creation playbook.
Alex Sloane, Managing Partner and Co-Founder of Garnett Station, said, “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.”
“We have a lot to celebrate as a firm,” added Managing Partner and Co-Founder, Matt Perelman. “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.”
Since its launch in 2013, Garnett Station Partners has become the partner of choice for multi-unit and consumer services businesses by providing 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. Houlihan Lokey acted as exclusive placement agent for the Fund.
About Garnett Station Partners
Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $3.5 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. The firm draws on its global relationships, operational experience and rigorous diligence process to source, underwrite and manage investments. Core sectors include consumer and business services, health and wellness, automotive, and food and beverage. Garnett Station’s culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit garnettstation.com.
