Lower Middle Market Specialists

Founded in 1991 and focused on investing in lower middle market companies for nearly three decades, the Graycliff Partners team previously operated as the U.S. Private Equity division of HSBC.  In 2011, the investment team spun off to form Graycliff Partners, an independent investment firm.

Our model is a little different than the typical private equity firm. We invest as shareholders, lenders, or sometimes a combination of the two. However, our investment focus remains the same for every deal: lower middle market companies primarily in the United States, typically in niche manufacturing, business services, and value-added distribution.

Today, we oversee over $1B in investments. We’ve completed more than 100 transactions and have a proven track record of generating strong results for our valued investor base.


At Graycliff, we prize accountability, team effort and long-term perspective.

OUR Culture

A Cohesive Team, A Straightforward Style

We are particularly proud of the stability and cohesiveness of the team at Graycliff. Our leadership team has worked together for well over a decade, and we’ve never had a senior member of the firm resign. We treat relationships as our most valuable asset – within our own operations, and with our company management teams, our deal partners and our investors.

What unites us in our work is our shared values. At Graycliff, we prize accountability, team effort and long-term perspective. We believe these are the key ingredients not only for investment results, but to make sure we are the kind of partner that people want to come back and work with again.