GEM Closes On Over $450 Million for Inaugural Independent Sponsors Fund
- Editor
- 6 days ago
- 1 min read
Whats Happening:
GEM, a leading institutional investment solutions provider, has announced the final close of its inaugural GEM IS Fund, L.P. and related vehicles. The fund, which targeted $400 million, was oversubscribed and raised over $450 million from a diverse group of limited partners including endowments, foundations, healthcare institutions, insurance companies, and family offices.
Key Moves:
GEM closes inaugural independent sponsors fund with over $450 million
Fund exceeds initial $400 million target
Diverse investor base includes endowments, foundations, and family offices
By The Numbers:
Fund raised over $450 million
Initial fundraising target was $400 million
GEM has been active in independent sponsor strategy for over a decade
Key Quotes:
"We are grateful for the overwhelming support we received from limited partners," said Jay Ripley, GEM's Head of Investments.
"We continue to believe that the most talented independent sponsors are in the 'sweet spot' of their careers," said Kelly Barofsky, a Director in GEM's Investment Research Group.
"As independent sponsors continue to play a vital role in the private equity landscape, we are excited to deepen our commitment to this space with the closing of this inaugural vintage," added Ripley.
Bottom Line:
GEM's successful fundraise for its inaugural independent sponsors fund demonstrates strong investor confidence in the growing pre-fund sponsor market. The oversubscribed fund will allow GEM to expand its support for independent sponsors, potentially leading to more core fund relationships and reinforcing the firm's position in the private equity landscape.
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