Private equity firm Huntsman Gay Global Capital announced this week the final closing of its first fund with total capital commitments in excess of $1.1 billion.
Co-founded by Jon M. Huntsman Sr. and Robert C. Gay, a former managing director of Bain Capital, Huntsman will serve as chairman, while Gay will serve as president and chief executive officer.
The fund, Huntsman Gay Capital Partners Fund I, will employ a team with 10 managing directors and 16 investment professionals.
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Huntsman Gay Global Capital, based in Palo Alto, Calif., with additional offices in Salt Lake City and Foxborough, Mass., will focus on middle-market leveraged buyouts and growth equity investments.