NYC-based Graycliff Partners LP closed its fourth private equity fund, Graycliff Private Equity Partners IV LP (GPEP IV), at $350m in limited partner commitments.
Limited partners in the new fund include pension funds, insurance companies, university endowments, fund-of-funds, family offices, and high-net-worth individuals.
The Private Fund Group of Credit Suisse served as placement agent for this fundraise and Weil provided legal services.
GPEP IV will continue Graycliff’s strategy of making control buyout investments in lower middle market companies, with a focus on partnering with founder and family-owned businesses in the manufacturing, business services, and value-added distribution sectors.
Led by Managing Partners Andrew Trigg, and Duke Punhong, Graycliff is an investment firm focused on making lower middle market investments, typically in manufacturing, business services and value-added distribution businesses.
Through dedicated equity and credit funds, the firm provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion.