Garnett Station Partners Closes Fund 4.0 with $850 Million in Committed Capital

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Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm that manages ~$2 billion of assets, today announced the successful close of GSP 4.0 Fund-A, L.P. and GSP 4.0 Fund-B, L.P. (collectively, the “Fund”) with total committed capital of $850 million (the hard cap).

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, January 19, 2023
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Banking, Asset Management, Professional Services, Finance, Partner (business rank), Fund, Food, Apollo, Entrepreneurship, Pension, Ministry of Health & Wellness, GSP, Bank
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NEW YORK, UNITED STATES, NORTH AMERICA
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GARNETT STATION PARTNERS, GARNETT STATION PARTNERS, LLC
Summary
Key Points: 
  • Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm that manages ~$2 billion of assets, today announced the successful close of GSP 4.0 Fund-A, L.P. and GSP 4.0 Fund-B, L.P. (collectively, the “Fund”) with total committed capital of $850 million (the hard cap).
  • Raised over a period of six months, the Fund was significantly oversubscribed with commitments from leading global investors, including financial institutions, endowments, foundations, pensions and family offices.
  • “Alex and I are proud of the firm we’ve built over the last decade with the support of our world-class team of investment professionals, operating partners and firm infrastructure,” said Matt Perelman, Managing Partner and Co-Founder of Garnett Station Partners.
  • Houlihan Lokey Capital, Inc. acted as exclusive placement agent for the Fund.


Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm that manages ~$2 billion of assets, today announced the successful close of GSP 4.0 Fund-A, L.P. and GSP 4.0 Fund-B, L.P. (collectively, the “Fund”) with total committed capital of $850 million (the hard cap). Raised over a period of six months, the Fund was significantly oversubscribed with commitments from leading global investors, including financial institutions, endowments, foundations, pensions and family offices.

Founded in 2013 by former L Catterton and Apollo private equity investors Matt Perelman and Alex Sloane, GSP partners with entrepreneurs, management teams, and strategic investors to grow companies in its core sectors of consumer and business services, health & wellness, automotive, and food & beverage. The firm draws on its global relationships, operational experience and rigorous diligence process to build market leading businesses across North America.

“Alex and I are proud of the firm we’ve built over the last decade with the support of our world-class team of investment professionals, operating partners and firm infrastructure,” said Matt Perelman, Managing Partner and Co-Founder of Garnett Station Partners. “We are grateful to our investment partners for their support, and we look forward to working hard to continue to achieve successful outcomes for all of our LPs.”

“We will bring the same GSP values of accountability, analytical rigor, collaboration and entrepreneurship to the Fund that have driven our firm since day one,” added Managing Partner and Co-Founder Alex Sloane. “We are excited for what we believe will be a compelling investment landscape, particularly given our team’s track record investing up and down the capital structure and across economic cycles.”

Since its inception, Garnett Station Partners has invested substantial capital across its portfolio, supporting the scaling of its partner companies and generating attractive results for its investment partners.

Latham Watkins LLP served as legal counsel for the Fund. Houlihan Lokey Capital, Inc. 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 ~$2 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 & wellness, automotive, and food & beverage. Garnett Station's culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit www.garnettstation.com.

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