Gallant Capital Partners has held a final closing of its inaugural fund, Gallant Capital Partners I LP, with $378 million in capital commitments. The firm’s first fund closed at its hard-cap and was substantially oversubscribed, exceeding its target of $300 million.
Limited partners in Fund I include public and corporate pension funds, financial institutions, insurance companies, endowments and foundations, fund-of-funds, wealth managers and family offices from North America and Europe.
Los Angeles-based Gallant Capital makes control investments in lower middle-market companies in the technology, aerospace & defense, industrials and business services sectors that have from $5 million to $25 million of EBITDA. The firm was founded in January 2018 by Jon Gimbel, Anthony Guagliano and Desmond Nugent. Mr. Gimbel and Mr. Guagliano are both formerly with The Gores Group and Mr. Nugent was previously with OpenGate Capital.
To date, Gallant has completed ten investments including: Cassavant Machining, an Phoenix-based maker of machined components and assemblies used in the aerospace and defense sectors (February 2020); Reveal Data, a Chicago-based provider of cloud-based eDiscovery software used by Fortune 500 companies, legal service providers, government agencies and financial institutions (June 2019); Quality Built, a San Diego-based provider of third-party inspection services to the home and commercial construction industries (April 2019); and Aero Turbine, a San Francisco area-based provider of aerospace maintenance, repair and overhaul services to commercial and military platforms (January 2019).
Gallant Capital utilized Park Hill Group as its placement agent and Kirkland & Ellis provided legal services.
Private Equity Professional | July 29, 2020
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