GI Partners announced the final closing of its third private equity fund, GI Partners Fund III L.P.
Since its launch, the Fund secured over $1.9bn in capital commitments from leading institutional private equity and real estate investors in less than one year.
A number of new institutional investors committed to the GI Partners Fund III, including Florida Retirement System Trust Fund and Teachers’ Retirement System of the State of Illinois in the U.S., and Capital Dynamics and Partners Group in Europe.
Representative investments already completed include:
– Ladder Capital Finance, a U.S. specialty finance company created to take advantage of opportunities in the commercial real estate sector
– Care Aspirations, a U.K. provider of specialist care for severe learning disabilities;
– FlatIron Crossing, a joint venture with national regional mall operator Macerich Company.
Menlo Park, Ca.-based GI Partners is a private equity firm that focuses on control-oriented investments across North America and Western Europe in asset-intensive businesses or portfolios of assets that are underpriced relative to their intrinsic value.
The 37 members of its team focus on sectors such as specialty healthcare, asset-backed IT services, leisure, real estate and financial services.