Sunday, 5 July 2015
Last updated 1 day ago
Dec 15 2005 | 5:00pm ET
Private equity firm Gael Partners has held a first close of its debut fund, the Central Valley Fund, with $80 million in commitments. The fund, which has offices in Fresno and Davis, Calif., makes later stage investments in small- to mid-sized, low-tech companies located in California’s Central Valley region with revenues between $5 million and $50 million.
The California Public Employees Retirement System, Wells Fargo and Mid-State Bank, among others, are investors in the fund. “We’re focusing on what we think is an underserved market,” said California-native Brad Triebsch, a principal at the firm. “We are in full marketing mode and we’re looking for companies to invest in.” He said the firm currently has six-term sheets out but has not closed any deals.
“We’ve been well received,” added Triebsch, who expects that the fund will gain an additional $20 million in commitments by early in the first quarter of 2006, bringing it to approximately $100 million. Other principals at the firm include Dan Jessee, Jose Blanco, Bill Henderson and Todd Stemler.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…