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Thursday, June 24, 2010

Gemini amasses $60M for fifth fund

By Galen Moore

Gemini Investors, a Wellesley private equity firm investing in middle market companies, has raised a $60 million fifth fund, the firm reports in a regulatory filing posted Wednesday afternoon.

Founded in 1993, Gemini has six general partners who focus on the technology, business services, consumer services, healthcare, education, manufacturing and distribution sectors. The firm also has an office in Minneapolis, Minn. Its last fund, closed in 2005, reached $58 million, according to a regulatory filing posted at the time.

Notable Boston-area investments include Art Technology Group Inc. (Nasdaq: ARTG), which went public in 1999.

In 2008, Gemini sold Minnesota portfolio company HighJump Software to Battery Ventures for $85 million.  The firm is also an investor in JBC Entertainment, the Louisville, Ky.-based company that owns and operates 20 Jillian’s billiard clubs, including one on Landsdowne Street near Fenway Park.
 

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