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Laxman Pai, Opalesque Asia:

New York-based principal investment firm Garnett Station Partners (GSP) wrapped up Fund 4.0 at its $850 million hard cap, ahead of a $750 million target.

According to a press release from the private equity firm, the Fund was 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 release said.

The firm that manages $2 billion of assets draws on its global relationships, operational experience, and rigorous diligence process to build market-leading businesses across North America, it added.

Matt Perelman, Managing Partner and Co-Founder of Garnett Station Partners said: "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. "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 Fun......................

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