Grafine Partners, a NYC-based private investment firm that invests in new firms led by private equity investors, closed its inaugural strategy, Grafine Capital I and parallel vehicles, with approximately $600m in total capital commitments.
The strategy received commitments from a small and select group of institutional investors seeking new approaches to generating returns. Grafine’s first strategy provides anchor LP capital and institutional-level support to first-time funds launched by experienced private markets investors, in exchange for revenue sharing and access to co-investment opportunities for its LPs.
Following a series of rolling closes, a significant portion of capital has already been deployed in three first-time managers and associated direct investments:
- Ascendant Capital Partners, a vertically integrated opportunistic real estate investment and operating firm focused on hotel and residential investments.
- Stanley Capital Partners, a Europe-focused mid-market private equity firm focused on healthcare, technology & resource efficiency.
- The Newcastle Network, an investment platform providing growth capital to lower middle market performing consumer businesses.
Led by Elizabeth Weymouth, Founder and Managing Partner, Grafine is an alternative investment management firm created to enable institutional investors seeking innovative approaches to invest private capital with a focus on alignment of incentives. The firm acts as a principal investor to seed and build private investment firms alongside the next generation of talented private market investors and operating partners.
Grafine recently launched its second strategy focused on co-investments, which will be a dedicated, pooled vehicle seeking to earn high risk-adjusted returns by investing in a portfolio of highly vetted co-investment opportunities sponsored by select emerging private equity managers.
FinSMEs
01/04/2024