Gamut Capital Management, L.P., a New York-based middle market private equity firm, announced it successfully closed Gamut Investment Fund I, L.P. at $1 billion, exceeding the Fund’s $750 million target.

Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. The Fund’s target investment size ranges from $50 million to $150 million with an ability to selectively scale up its capital commitment in partnership with its LPs. Gamut’s Founding Partners, Stan Parker and Jordan Zaken, have more than 30 years combined experience investing across sectors, capital structures and cycles. Target industries include: agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation.

Messrs. Parker and Zaken stated: “We are thrilled with the strong level of support that we’ve received from our investors and are currently evaluating a wide spectrum of potential investment opportunities.”

UBS Private Funds Group acted as the exclusive placement agent for Gamut. Paul, Weiss, Rifkind, Wharton & Garrison LLP and Katten Muchin Rosenman LLP served as legal counsel to the Fund.