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Alternative Assets  + Private Equity  |  January 27, 2023
Garnett Street Partners Closes Oversubscribed Fund 4.0 at $850M Hard Cap
Joe Palmisano
By: Joe Palmisano

Garnett Station Partners Closes Oversubscribed Fund 4.0 at $850M Hard Cap

NY-based investment firm Garnett Station Partners (GSP), which manages approximately $2bn in assets, closed its oversubscribed flagship GSP 4.0 Fund-A and GSP 4.0 Fund-B, launched six months ago, with a hard cap of $850mn, ahead of its $750mn target.

Former L Catterton and Apollo private equity investors Matt Perelman and Alex Sloane founded GSP in 2013. The franchise investor 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.

“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,” said Matt Perelman, Managing Partner and Co-Founder of Garnett Station Partners.

Latham Watkins LLP served as legal counsel for the Fund. Houlihan Lokey Capital, Inc. acted as exclusive placement agent for the fund.

Pictured, left to right, Alex Sloane and Matt Perelman

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Garnett Station Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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