Gryphon Investors, a San Francisco, CA-based private equity firm, held the first and final closing of its first credit fund, at $100m of aggregate commitments, excluding the GP commitment.
Gryphon Mezzanine Partners, L.P., was oversubscribed and reached its cap primarily with commitments from existing LPs.
Managed by existing Gryphon professionals, this credit fund represents a new and complementary investment strategy for Gryphon, which has previously raised four institutional control private equity funds. The vehicle will participate exclusively on a minority basis in the mezzanine securities of recent and prospective financings of Gryphon 3.5 and Gryphon IV, led by leading third party institutional lenders.
The fund’s initial seeded portfolio investments include the 2017 financings of three Gryphon portfolio companies: Wind River Environmental, Orchid Underwriters, and Ob Hospitalist Group.
Led by David Andrews, Founder and CEO, Gryphon Investors is a private equity firm focused on enhancing middle-market companies managing over $2.6bn of equity investments and capital. The firm has an extensive track record of leading equity investments of $50m to $200m per portfolio company with sales ranging from approximately $100m to $500m. Gryphon prioritizes investment opportunities where it can form proactive partnerships with owners and executives to build leading companies, utilizing its capital, specialized professional resources, and operational expertise.