GI Partners closes Fund IV at $2 bln hard cap

GI Partners has closed GI Partners Fund IV at the $2 billion hard cap, beating its $1.5 billion target. Fund IV will continue GI’s strategy of control oriented investments in North American middle market companies. UBS worked as placement agent on the fundraising.

Press Release

GI Partners, a leading middle market private equity firm, today announced it has successfully completed the final closing for GI Partners Fund IV (“Fund IV” or the “Fund”) at the Fund’s $2 billion hard cap, surpassing its $1.5 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, said, “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.

Commenting on the successful completion of the fundraise, GI’s Managing Directors said, “This new fund enables us to continue to pursue attractive investment opportunities and seek to partner with high quality management teams to build market leading companies. We are enthusiastic about the prospects for Fund IV and look forward to applying our differentiated value creation strategy.” 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 $6 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.

About GI Partners

Founded in 2001, GI Partners is a leading private equity investment firm based in Menlo Park, California. The firm currently manages over $10 billion through private equity and real estate separate account strategies for recognized institutional investors, including some of the largest state and sovereign pension funds in North America, Europe, Australia, Asia, and the Middle East. GI Partners is active in a number of key sectors, including IT Infrastructure & Services, Healthcare Services, Retail & Leisure, and Financial & Real Estate Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

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