GI Partners, a San Francisco, CA-based middle market private equity firm, closed GI Partners Fund V, at $2.7 billion.
A broad group of investors (including pensions, sovereign wealth funds, investment management firms, financial institutions, family offices, endowments, and foundations) around the world participated in the raise.
GI Partners’ senior management team will continue the investment strategy from earlier funds and seek to deploy Fund V capital into control-oriented investments in North American middle market businesses with enterprise values between $250m and $1 billion in several sectors, including IT Infrastructure, Healthcare, Software, and Services.
Led by Rick Magnuson, Founder and Executive Managing Director, and Philip Yau, Managing Director, GI Partners has raised over $16 billion in capital through private equity and real estate strategies from institutional investors across the world.
UBS Securities LLC served as placement agent and Kirkland & Ellis LP served as legal counsel for the fund raise.