Siguler Guff, a multi-strategy private equity investment firm with $15 billion of assets under management, has announced that it has raised $240 million for its first direct investment emerging markets fund, GEMCo.
GEMCo is backed by a global investor base that includes public and corporate pension plans, insurance companies, sovereign wealth funds, endowments, foundations and family offices. Investors represent a broad geographic range including North America, Europe, Australia, Asia and the Middle East.
Drew Guff, Founding Partner of Siguler Guff and Co-Portfolio Manager, said, “GEMCo, our first direct investment emerging markets fund, represents a strategic evolution and broadening of the firm’s emerging markets strategy. We are pleased to have received such strong support and validation from our limited partners. We look forward to the continued success of our emerging markets platform, having invested more than $1.8 billion in over 100 direct investments over the past decade, creating significant value for our investors across multiple economic cycles.”
Shaun Khubchandani, Managing Director at Siguler Guff and Co-Portfolio Manager of GEMCo, said, “Leveraging the unique deal flow generated by Siguler Guff’s global network of relationships, GEMCo allows us to not only capitalize on the higher growth trajectory and attractive valuations presented by emerging markets, but to play a substantial role in the premier transactions taking place within each region. We have been extremely active over the last year, having more than doubled the size of our portfolio, and we continue to build and execute on a strong pipeline of opportunities.”
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