Gemspring raises $2.1bn

Gemspring Capital raised $2.1bn in aggregate commitments.

Fund names: Gemspring Capital Fund III and Gemspring Growth Solutions Fund I
Amount raised: €2.1 billion
Stage of fundraising: Final close

GemSpring Capital have announced a final close of $1.7 billion for Gemspring Capital Fund III and $400 million for Gemspring Growth Solutions Fund I in a recent press release.

Investors in the vehicles include pension funds, endowments, foundations, family offices, asset management firms and financial institutions.

Founded in 2015, Gemspring Capital is a Connecticut-based firm investment firm targeting the TMT, business services, consumer goods, healthcare, financial services and industrial sectors.

Kirkland & Ellis LLP served as legal counsel for both funds.

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