GHK Capital Partners completes $870 million fundraise for its second fund
We advised GHK Capital Partners on the fundraise and related matters for GHK Fund II
Davis Polk advised GHK Capital Partners in connection with the formation, fundraise and related matters for GHK Fund II LP (together with its parallel fund, “GHK Fund II”), which held its final closing on September 30, 2024, with $870 million in commitments, above both the firm’s $650 million target and its original $800 million upper limit. The sum is also more than double the size of GHK’s debut fund, which closed with $410 million in 2022.
GHK was founded in 2018 by Gilbert H. Klemann and is a leading middle-market private equity firm focused on making control investments in industrial companies across North America. GHK Fund II primarily targets companies where GHK believes it can identify multiple differentiated avenues for organic growth and operational improvement. GHK partners with experienced and capable management teams to drive professionalization and the implementation of value creation initiatives to seek strategic growth and investment returns.
The Davis Polk investment management team included partners Michael S. Hong and Sijia Cai and associates Joel Kuzniecky, Tianye Zhang, Imad Rizkallah, Josh Schilowitz and Caleb Beavers. Partner Ethan R. Goldman and associate Eytan de Gunzburg provided tax advice. Counsel Charles Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.