Fundraising Isn't Totally Dead: Oversubscribed Huntsman Gay Fund Approaches Close
Huntsman Gay Capital Partners has hit the hard cap for its debut fund, but it isn't stopping there, according to a source familiar with the situation. The firm, formed by industrialist Jon Huntsman and former Bain Capital investor Bob Gay, had a $1.25 billion ceiling, according to a regulatory filing. Thanks to anchor commitments from limited partners like like CalPERS, CalSTRS, AlpInvest, C.V. Starr & Co., and GIC (Massachusetts Group Insurance Commission), the firm has hit that $1.25 figure, our source said. But instead of holding a final close, H&G has extended its fund's closing to accommodate a commitment from New York State Common Retirement Fund and possibly one
4 December 2008•2 mins read
