<ul><li>GEM closes GEM IS Fund LP (Fund IS), their inaugural fund dedicated to independent sponsors, with $450 million of capital commitments.</li><li>The fund exceeded its original target of $400 million and received overwhelming support from limited partners, including endowments, foundations, insurance companies, healthcare institutions, and family offices.</li><li>GEM, a global asset management firm headquartered in Charlotte, North Carolina, provides customized portfolio management and advisory services, with approximately $12 billion in assets under management.</li><li>The fund aims to support independent sponsors by providing them with the necessary capital to execute on compelling investment opportunities in the lower middle market.</li></ul>

GEM Closes Independent Sponsor Fund

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