GREENWICH, Conn.– Ghk Capital Partners LP (“GHK Capital Partners”), a prominent middle-market private equity firm, has announced the successful final closing of its first fund, GHK Fund I (the “Fund”). The Fund secured $410 million in capital commitments, surpassing its initial goal of $350 million and exceeding its hard cap of $400 million, signaling strong investor confidence in the firm’s strategy and team.
This milestone marks the inaugural private equity fund for GHK Capital Partners, established in 2018 by Gilbert H. Klemann. Klemann brings a wealth of experience from his seventeen-year tenure at Goldman Sachs, where he spearheaded control private equity investments across diverse North American markets. A significant portion of the GHK Capital Partners investment team also transitioned from Goldman Sachs, ensuring a cohesive and experienced approach to investment management.
Gil Klemann, Managing Partner at GHK Capital Partners, expressed gratitude and acknowledged the significance of this achievement. “We are deeply appreciative of the strong support from our investors for our first fund,” he stated. “We believe this successful fundraise is a clear validation of our distinct value proposition and the exceptional team we have diligently built over the past four years.”
GHK Capital Partners distinguishes itself through an investment strategy that integrates active ownership, deep industry knowledge, and a relationship-focused partnership approach. This strategy is designed to identify and capitalize on asymmetric risk-return investment opportunities within middle-market industrial companies. Rather than relying on conventional value creation methods, GHK Capital Partners prioritizes developing long-term organic growth strategies. The firm’s objective is to enhance enterprise value and cultivate industry-leading companies with robust and sustainable financial performance.
The Fund has attracted a diverse investor base, encompassing insurance companies, financial institutions, funds of funds, public and corporate pension plans, and high-net-worth families. Currently, GHK Fund I includes investments in two key companies: Hasa Inc. and ITS Logistics. Hasa Inc. is a leading manufacturer and distributor of essential water treatment products, serving the recreational, industrial, and municipal sectors. ITS Logistics is a rapidly expanding third-party logistics provider, offering asset-lite brokerage, asset-based dedicated fleet transportation, and comprehensive omnichannel distribution and fulfillment solutions.
Prior to the establishment of Fund I, GHK Capital Partners demonstrated its investment acumen through single-asset funds, facilitating investments in Brown & Settle Inc., a key player in site development services for data centers, and Supreme Cabinetry Brands, a premier manufacturer of semi-custom cabinetry.
Moelis & Company LLC’s Private Funds Advisory Group acted as the placement agent for Fund I, while Davis Polk & Wardwell LLP provided legal counsel during the fund’s formation.
About GHK Capital Partners
GHK Capital Partners is a leading private equity firm focused on control investments within the North American middle market. The firm strategically targets well-established industrial businesses characterized by strong free cash flow margins and significant potential for both organic growth and operational improvements. For more detailed information, please visit www.ghk.com.
Alt text: GHK Capital Partners logo, representing a leading middle-market private equity firm focused on industrial investments in North America.
Contact Information
Elena Sherman
203-409-0900
[email protected]
