– Gemspring Capital Management closed Gemspring Growth Solutions II (GGS II) with $1.1 billion of capital commitments
– The fund was oversubscribed and reached its hard cap in its first and final close after about three months in the market
– GGS II follows Gemspring Growth Solutions I, a $400 million fund raised in 2022
– Strategy continues focus on non-control and growth capital investments in middle-market businesses
– Commitments came from a global, diversified investor base including pension funds, endowments, foundations, family offices, asset managers, and other financial institutions
– Gemspring team made a substantial commitment, the largest single investment in the Fund
– CEO Bret Wiener highlighted demand for flexible capital solutions that GGS II addresses at scale
– Since 2015, Gemspring has grown to 75 professionals and completed 128 acquisitions across buyout and growth strategies
