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GHK Capital Partners Raises $410MM for Oversubscribed Inaugural Fund

March 24, 2022, 07:33 AM
Filed Under: Private Equity News

GHK Capital Partners, a leading middle-market private equity firm, announced the final closing of GHK Fund I (the “Fund”). GHK accepted $410 million in aggregate capital commitments, exceeding its initial target of $350 million and surpassing its hard cap of $400 million.

This is the first private equity fund raised by GHK, which targets control investments in performing middle-market industrial companies across North America. GHK was founded in 2018 by Gilbert H. Klemann following a seventeen-year career at Goldman Sachs where he led control private equity investments across various North American end-markets. The majority of the GHK investment team joined him from Goldman Sachs.

“We are grateful and humbled by the investor support for our inaugural fund,” commented Gil Klemann, Managing Partner. “We believe this successful capital raise is a testament to our differentiated value proposition and the exceptional team we have built over the last four years.”

GHK’s investment strategy combines active ownership, extensive industry experience and a relationship driven partnership approach in seeking to generate asymmetric risk return investment opportunities. GHK looks beyond traditional value creation levers, and focuses on crafting a long-term organic growth strategy to maximize enterprise value and build industry leaders with superior, sustainable financial performance.

The Fund’s investor base consists of a diverse group of insurance companies, financial institutions, funds of funds, public and corporate pension plans, and high net worth families. The Fund currently has two investments, Hasa Inc. and ITS Logistics. Hasa is a leading manufacturer and distributor of high-quality water treatment products used to sanitize and maintain water systems for the recreational, industrial, and municipal end markets. ITS Logistics is a rapidly growing third-party logistics company providing asset-lite brokerage services, asset-based dedicated fleet transportation and omnichannel distribution and fulfillment services.

Prior to raising the Fund, GHK raised discrete single-asset funds to complete two investments, Brown & Settle Inc., a leading provider of site development services for data centers, and Supreme Cabinetry Brands, a leading premium semi-custom cabinetry manufacturer.

Moelis & Company LLC’s Private Funds Advisory Group served as placement agent and Davis Polk & Wardwell LLP served as legal counsel in the formation of the Fund.

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