Apr 13 2016
GPB Capital Holdings Reaches $500 Million Mark in Capital Raised
GPB Capital Holdings LLC, a global investment management firm focused on income-producing private equity and real estate, reached the $500 million mark for total capital raised, following a record month raise in December and a record quarter raise for the fourth quarter of 2015.
The half-billion-dollar raise is an increase of nearly 400 percent from the 2014 aggregate capital raise.
“The market is recognizing GPB’s unique approach to acquisitions and management, and our capital raise is indicative of that recognition,” said Dave Gentile, chief executive officer of GPB. “We look forward to servicing the retail channel into the future and are grateful to the trust that they have placed on us.”
Ascendant Capital is an alternative investment firm in Austin, Texas that exclusively distributes GPB products.
GPB Capital Holdings is a New York-based global asset management firm. GPB-sponsored entities have raised nearly $525 million in assets to date and have acquired interests in 41 portfolio companies with revenues totaling more than $1.8 billion.