GI grows: Buyout shop targets $2.3B for largest fund yet | PitchBook News

GI grows: Buyout shop targets $2.3B for largest fund yet | PitchBook News



If the firm reaches that target, it would continue a trend of gradual upticks in size with each successive fund in its flagship series. Here’s a full accounting of the firm’s past buyout vehicles, with returns data taken from the PitchBook Platform (fund multiples current as of 3Q 2016): 
 

While that 13.5% figure for GI Partners Fund IV may not be jaw-dropping in a vacuum, it ranks in the top quartile of GI’s IRR benchmark, representing the second-best figure among 16 peer funds, according to PitchBook data. And it’s a number that’s still very much developing. GI’s fourth fund still has more than $1 billion in dry powder, meaning less than half of the LP capital committed has been called.