P.E. Firm Gael Partners Closes Central Valley Fund

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.