Kirkland Advises Garnett Station Partners’ Close of Oversubscribed Fund 5.0 at $1.2 Billion
Kirkland & Ellis represented Garnett Station Partners (“Garnett Station” or “GSP”), a New York-based principal investment firm, on the formation and fundraising of GSP 5.0 Fund-A, L.P. and GSP 5.0 Fund-B, L.P. (collectively, the “Fund”), which achieved its hard cap of $1.2 billion in commitments and surpassed its $1 billion target. The Fund is GSP’s largest to date and aims to achieve long-term capital appreciation principally through privately negotiated investments in entrepreneur-led businesses in the franchised, multi-unit and consumer services industries. The Fund was raised over an accelerated four-month fundraising period and received strong support from new and existing GSP investors. GSP now manages over $3.5 billion in assets. The transaction was announced March 3, 2025.
Read the transaction press release
The Kirkland team included investment funds lawyers Adam Aramati, David Sherman, Patrick Choi, Emmett DeLaney and Michael Sudano; investment funds regulatory lawyer Eric Perelman and Thomas Shelburne; investment funds ERISA lawyer Sabrina Glaser; and tax lawyers Elie Zolty and Leah Blake.
