Firm: GCP Capital Partners
Fund: GCP Capital Partners III LP
Target: $700 million
Placement Agent: Greenhill & Co. fund placement advisory group
In November the firm, formerly known as
The firm typically writes equity checks of $10 million to $75 million per transaction, targeting companies in the business services, financial services, education, energy, insurance and telecommunications sectors. Target companies usually have enterprise values of $50 million to $500 million.
GCP Capital originally had planned to begin raising capital in January 2009, but like many buyout shops shelved the effort during the economic downturn.
The firm raised $875 million in 2005 for its second fund, which has achieved a net investment multiple of 2x and a net IRR to investors of more than 30 percent, our source said.
GCP Capital’s most recent investment came in December, when it invested $23 million in
On the exit side, the firm generated a good return back in September when