Garnett Station Partners LLC, a New York-based principal investment firm that manages around $2 billion of assets, has closed its GSP 4.0 Fund-A LP and GSP 4.0 Fund-B LP at the hard cap of $850 million.
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, aiming to grow companies in its primary sectors of consumer and business services, health and wellness, automotive and food and beverage. The fund received commitments from global investors including financial institutions, endowments, foundations, pensions and family offices.
“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,” comments 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.”
Latham & Watkins LLP served as legal counsel for the fund. Houlihan Lokey Capital Inc. acted as placement agent for the Fund.