GEM finalises independent sponsors fund at its $685m hard cap
Thursday, October 22, 2026 · first reported by AltAssets and 2 others
Fundraising for GEM Independent Sponsors Fund II, LP has ended at its hard cap of $685m in total commitments, GEM announced. GEM is an independent investment manager.
Commitments came from foundations, healthcare organisations, insurers and university endowments. Also investing were customers of the outsourced CIO arm that is affiliated with GEM.
Law360 reports that Ropes & Gray LLP advised GEM. citybiz reports the fund is larger than the previous fundraise.
- Firm
- GEM
- Fund
- GEM Independent Sponsors Fund II, LP
- Size
- $685M
- Stage
- Close
- Asset class
- Private equity
Advisers Ropes & Gray (fund counsel)
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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