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Alternative Assets  + Private Equity  | 
Garnett Street Partners Closes Oversubscribed Fund 4.0 at $850M Hard Cap

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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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