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Private equity

GEM Raises $685M for Second Independent Sponsors Fund, Exceeding Previous Fundraise

Thursday, October 22, 2026 · first reported by citybiz and 1 other

GEM closed its latest independent sponsors fund at $685 million. Ropes & Gray advised the firm on the raise.

Firm
GEM
Fund
GEM Second Independent Sponsors Fund
Size
$685M
Stage
Close
Asset class
Private equity

Advisers Ropes & Gray (fund counsel)

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Coverage

2 sources