GI Partners, a San Francisco, CA-based private investment firm, closed its private equity fund, GI Partners Fund VI, at $3.9 billion.
GI Partners Fund VI’s diverse investor base represents 15 countries and includes sovereign wealth funds, pensions, financial institutions, investment management firms, and family offices.
The fund continues the firm’s focus on control-oriented investments in North American companies with solid downside protection and substantial growth potential across four key sectors: Healthcare, IT Infrastructure, Services, and Software.
GI Partners Fund VI was activated in November of 2020 with the acquisition of Valet Living, the largest nationally recognized, full-service amenities provider to the multifamily housing industry, and was followed in April of this year by the acquisition of Aras, a product lifecycle management software provider for companies in the automotive, aerospace & defense, high tech, industrial, and other end markets. In the past six months, GI Partners completed the sale of portfolio companies MRI Software, Consilio, and Logibec.
The Private Equity group, consisting of over 35 investment professionals, is led by Managing Directors Hoon Cho and Travis Pearson, who were promoted to Co-Heads of Private Equity in 2020.
FinSMEs
22/06/2021