Since its founding in 2014, Garnett Station Partners (GSP) has compounded at 33%[1]. The firm invests in the trillion-dollar franchise and consumer services industries and currently manages $2.3 billion. Matt Perelman and Alex Sloane started GSP as 26-year-olds, when they bought 23 Burger King restaurants. Over the past decade, they have made 26 other multi-unit investments, buying gyms, funeral homes, car washes, pet care services, and restaurant chains.
Their firm is first quartile or better for net MOIC, IRR, and DPI against its peers[2], but the stat GSP’s founders are most proud of, Matt especially, is its loss ratio: sub 0.5%[3]. GSP has lost money only once, in its second platform company, MAACO, in 2015.
“I think they’re the next generation,” legendary credit investor Marc Lasry said in a recent interview.